Piper Serica, a venture capital firm focused on deeptech startups, has raised Rs 300 crore in the first close of its new fund, the company announced this week. The fresh capital will be deployed to back early-stage technology ventures across sectors such as AI, robotics, and advanced materials, according to economictimes.indiatimes.com.
The fundraise process involved commitments from a mix of institutional investors and high-net-worth individuals, enabling Piper Serica to reach this initial milestone ahead of its target. The firm aims to complete the fundraise with additional closes in the coming months, expanding its capital base to support a broader portfolio of deeptech companies.
Deeptech investing is gaining traction in India as startups develop cutting-edge innovations requiring patient capital and specialized expertise. Piper Serica’s Rs 300 crore first close ranks among notable recent deeptech fundraises, reflecting growing investor interest in sectors that underpin future technology infrastructure. This fund positions Piper Serica to compete with other specialized investors targeting early-stage science and engineering ventures.
Piper Serica has indicated that it will begin deploying capital to portfolio companies immediately, with a focus on startups demonstrating strong technical differentiation. The firm’s next fund close is expected later this year, which will further increase its investment capacity in the deeptech domain.