India: Early-stage investor pi Ventures to raise $76m for second fund Photo: Pixabay Early-stage investor pi Ventureshas launched its second fund with a target corpus of $75.6 million and a greenshoe option of Rs 185 crore ($24.8 million). The second fund will invest in 25 tech Indian startups focused on disruptive artificial intelligence (AI)-based technologies and deep tech in seed-Series A stages. With a ticket size of $1 million, the second fund will look for startups in areas of space technologies, material science, biotech and life sciences. Its debut fund closed at $30 million in 2017-2018 and is backed by limited partners such as CDC Group, International Finance Corporation, Accel Partners, Small Industries Development Bank India, and family offices and entrepreneurs such as Binny Bansal, Bhupen Shah, among others.