New fund · Professional & Local Services
Piper Serica launches ₹100 crore angel fund
By Startup Enthusiast ·
- Date
- Company
- Piper Serica Advisors
- What it does
- Portfolio management and angel fund
- Kind
- New fund
- Amount
- ₹100 Cr
- Based in
- Mumbai
What they do
Piper Serica is a Mumbai-based portfolio management service provider
What happened
It launched a SEBI-registered Category 1 Angel Fund of ₹100 crore to invest in 30–40 early-stage tech companies
Why it matters
The fund uses a proprietary AI/ML tool, Yoda.ai, to screen investments and aims to hold winners up to 10 years
The details
- Piper Serica Advisors launched a SEBI Registered Category 1 Angel Fund.
- The fund size is ₹100 crore.
- It will invest in 30 to 40 early-stage tech companies over three years.
- The fund is a seed-to-IPO fund, holding winners up to 10 years.
- The fund manager is Abhay Agarwal, founder of Piper Serica.
- The fund uses a proprietary AI/ML tool Yoda.ai to screen investments.
- Yoda.ai uses 17 parameters to predict success probability.
- It selects companies scoring 70% or above for due diligence.
The bigger picture
- India's economic growth is expected to create hundreds of unicorns over the next decade.
- The fund focuses on startups with exponential growth models.
- This launch signals growing interest in structured angel investing in India.
About the business
- Piper Serica is a Mumbai-based portfolio management service provider.
- It manages investments and now runs a SEBI-registered angel fund.
What happens next
- The fund will invest in 30 to 40 early-stage tech companies over three years.
- It will hold winners for up to 10 years.
The deal
- Type
- fund launch
Founders
- Abhay Agarwal, Founder
- Ajay Modi