About pi Ventures
pi Ventures is a venture capital firm founded in 2016. It is primarily based out of Bengaluru, India. As of Mar 2026, pi Ventures is an active investor, having invested in 45 companies, with 6 new investments in the last 12 months. It primarily invests in Seed round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and HealthTech. Most recently it participated in the $***** Seed round of Pranos Fusion Overall, pi Ventures portfolio has seen 1 IPO and 5 acquisitions including key companies like Locus, Ai Palette and Capital Small Finance Bank. A lot of funds co-invest with pi Ventures, with names like Exfinity Venture Partners sharing a substantial percentage of its portfolio. pi Ventures has team of 7 people including 4 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
pi Ventures' List of Top Investments
pi Ventures has a portfolio of 45 companies. Their most notable investments are in Wondrlab and Moonrider.Their portfolio spans across India, United States, Singapore and 1 more locations. They have invested in Enterprise Applications, High Tech, HealthTech and 22 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by pi Ventures:1. Locus
Provider of an AI-powered platform for optimizing logistics and delivery. The platform offers solutions for fulfillment automation, dispatch planning, and delivery orchestration. It also provides features such as track and trace, analytics, and insights. The platform supports various industries, including retail, fast-moving consumer goods, and e-commerce.
Key facts about Locus
- Founded Year: 2015
- Location: Milpitas (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $82.5M
- Employee Count: 352 as on Aug 31, 2026
- Investors: Qualcomm Ventures, GIC and 33 Others
- Latest Funding Round: Series C, May 27, 2021, $*****
- Highlight: Acquired
2. Ai Palette
AI-powered platform for CPG innovation, trend discovery, and product development. It is a SaaS platform that helps consumer packaged goods brands discover emerging trends in real-time, create new product concepts, and virtually validate them. The platform offers solutions for marketing, R&D innovation, and consumer insights, catering to various industries like flavor and fragrance houses, and ingredient companies. It provides tools like Foresight Engine, Concept Genie, Screen Winner, FoodGPT, and Brand SAY to monitor brand equity and accelerate innovation. The platform uses artificial intelligence and machine learning to provide data-driven insights for faster, cost-effective brand discovery, launch, and growth. It helps in innovation, renovation, and optimizing product portfolios. The platform offers resources like blogs, reports, webinars, and case studies. It is a cloud based platform that offers subscription based services.
Key facts about Ai Palette
- Founded Year: 2018
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1M - 10M as on Dec 31, 2024
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $12.7M
- Employee Count: 67 as on Aug 31, 2026
- Investors: Innoven Capital, Exfinity Venture Partners and 10 Others
- Latest Funding Round: Series A, Jun 24, 2024, $*****
- Highlight: Acquired
3. DeHaat
Provider of agricultural inputs and market access for farming operations. This entity facilitates the distribution of seeds and soil health products to producers. It manages the procurement of harvested crops and provides advisory services regarding cultivation techniques. Financial assistance and farm intelligence tools are available to support production cycles. The business model connects primary producers with institutional buyers through a digital marketplace.
Key facts about DeHaat
- Founded Year: 2012
- Location: Patna (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $224M
- Employee Count: 1,606 as on Jul 31, 2025
- Investors: Temasek, Prosus and 30 Others
- Latest Funding Round: Series E, Jan 22, 2026, $*****
- Highlight: Editors' Pick
4. Wysa
Provider of AI-driven mental health support platform. This platform offers personalized care accessible anytime, anywhere. It serves individuals, employers, insurers, and healthcare providers. The platform utilizes evidence-based tools such as CBT and integrates AI and human support in some offerings. It aims to improve mental well-being by providing tools for stress management, sleep improvement, and emotional support. The platform prioritizes anonymity and security for users.
Key facts about Wysa
- Founded Year: 2015
- Location: Boston (United States)
- Annual Revenue: ₹10 - ₹50 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $30.5M
- Employee Count: 179 as on Aug 31, 2026
- Investors: Kalysta Capital, Philips HealthWorks and 39 Others
- Latest Funding Round: Grant (prize money), Feb 02, 2026, $*****
- Highlight: Editors' Pick
5. Wondrlab
Provider of marketing and digital transformation solutions for businesses. It bridges the gap between digital marketing and business transformation through disruptive products and services. It leverages a deep understanding of human behavior and digital platforms to create immersive brand experiences and drive business growth. It provides brand strategy, creative services, digital marketing, influencer marketing, public relations, and technology solutions.
Key facts about Wondrlab
- Founded Year: 2020
- Location: Mumbai (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Seed
- Total Funding till date: $14.9M
- Employee Count: 159 as on Aug 31, 2026
- Investors: pi Ventures, NSFO and 25 Others
- Latest Funding Round: Seed, Jun 23, 2025, $*****
- Highlight: Editors' Pick
pi Ventures' Year-on-Year Investment Trends
pi Ventures has invested in 45 companies over the last 10 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 10 investments, while as of Mar 2026, it has made 3 investments in this year. Its most recent first time investment was in Pranos Fusion and most recent follow-on round was in immunitoAI.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 3 | 0 | 3 |
2025 | 8 | 2 | 10 |
2024 | 6 | 4 | 10 |
2023 | 2 | 4 | 6 |
2022 | 4 | 3 | 7 |
2021 | 5 | 4 | 9 |
2020 | 2 | 1 | 3 |
2019 | 4 | 3 | 7 |
2018 | 4 | 2 | 6 |
2017 | 5 | 1 | 6 |
pi Ventures' Investments by Stage
pi Ventures has made 33 investments in Seed stage with an average round size of $2.58M, 10 investments in Series A stage with an average round size of $5.99M and 1 investment in Series B stage with an average round size of $15.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 33 |
Series A | 10 |
Series B | 1 |
Note: We have considered here, only first round of investments
pi Ventures' Investments by Sector
pi Ventures has a diverse portfolio, with companies operating in the High Tech, Enterprise Applications, Artificial Intelligence - Industry Applications, Sustainability Tech and Vertical SaaS. Notably, it has invested in 43 Enterprise (B2B) companies, 41 Tech companies, 29 Software companies and at least 17 companies focusing on Saas.Sector | No. of Investments |
|---|---|
High Tech | 26 |
Enterprise Applications | 19 |
Artificial Intelligence - Industry Applications | 8 |
Sustainability Tech | 8 |
Vertical SaaS | 6 |
Others | 71 |
Note: We have considered here, only first round of investments
pi Ventures' Investments by Geography
pi Ventures has made most investments in India (37), followed by United States where it has made 9 investments.Country | No. of Investments |
|---|---|
India | 37 |
United States | 9 |
Singapore | 3 |
United Kingdom | 1 |
Note: We have considered here, only first round of investments
pi Ventures' recent investments
pi Ventures has made 3 investments in 2026 so far. Pranos Fusion and Velmenni are the latest among them.Here are the most recent investments by pi Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 24, 2026 | India | Seed | 8277 | [+2] | |
Mar 17, 2026 | India | Seed | 9419 | [+1] | |
Jan 15, 2026 | India | Seed | 3877 | [+1] | |
Dec 03, 2025 | India | Series A | 8538 | [+7] | |
Nov 26, 2025 | Singapore | Seed | 5263 | [+4] |
IPOs and Publicly Listed companies in pi Ventures' Portfolio
1 of pi Ventures' portfolio company became public - Capital Small Finance Bank. It got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Feb 2024 at marketcap of $253MHere are pi Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 14, 2024 | Mar 31, 2017 | Series A | 8848 |
Acquired companies in pi Ventures' Portfolio
5 companies from pi Ventures' portfolio have been acquired. The most recent acquisition was Credit Fair in Jul 2026 by BlackSoil for $*****.Here are pi Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jul 09, 2026 | Jun 28, 2022 | Seed | 4615 | |
Oct 07, 2025 | Jun 04, 2018 | Series A | 9760 | |
May 05, 2025 | Mar 20, 2019 | Seed | 7309 | |
Mar 11, 2025 | Aug 24, 2021 | Series A | 4803 | |
May 29, 2018 | Jan 27, 2017 | Seed | 8073 |
Team profile of pi Ventures
pi Ventures has a team of 7 members including 4 Partners and 2 Principals located in India, United States and 1 more location. pi Ventures' team sits on the board of 2 companies.Here is a list of all team members in pi Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Netherlands | Clean Electric, Green Aero Propulsion and 1 more | ||
Partner | Chennai | - | ||
Partner | Bengaluru | - | - | |
Partner | United States | - | ||
Principal | Bengaluru | - | ||
Principal | Bengaluru | - |
Co-investors of pi Ventures
Over the past 10 years, 826 investors have co-invested in pi Ventures's portfolio companies. This includes funds and angels.
- Invested before pi Ventures: Blume Venture, Speciale Invest and 231 others have invested in rounds before pi Ventures. There are 2 companies where Blume Venture has invested before pi Ventures and 2 companies where Speciale Invest has invested before pi Ventures.
- Top Co-investors of pi Ventures: 319 investors entered a company along with pi Ventures. These include investors like Exfinity Venture Partners (3 companies).
- Invested after pi Ventures: A total of 274 investors have invested in pi Ventures's portfolio after their investments. Top Investors include British International Investment (2 companies), Jj Family Office (2 companies) and ACT Grants (2 companies).
Recent News related to pi Ventures
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Axis Robotics Secures $12M Seed Funding to Advance Physical AI Data EngineCryptocurrency•Jul 27, 2026•10K Ventures, pi Ventures, Hack VC, Nomad Capital
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FruBon Raises Funding From Fireside, Others to Scale Dairy Business in IndiaViestories•Apr 13, 2026•FRUBON, Fireside Ventures, NSFO, pi Ventures
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Pranos Fusion Nets $6.8 Mn To Fast Track R&D & CommercialisationStartupNews•Mar 24, 2026•Pranos Fusion, Industrial47, pi Ventures, Ankur Capital
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pi Ventures leads Rs 30 Cr pre-Series A round in deep-tech company VelmenniEntrackr•Mar 17, 2026•MGF Kavachh, pi Ventures, Velmenni, Apekso
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Armatrix raises $2.1 Mn led by pi VenturesStartupNews•Feb 25, 2026•Boundless Ventures, Armatrix, Inuka Capital, Boost VC and 3 others
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Aule Space Raises $2 Million to Build Satellite JetpacksNewsBytes•Feb 07, 2026•Aule Space, pi Ventures
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Spacetech startup Aule Space raises $2 million in round led by pi VenturesViestories•Jan 15, 2026•Aule Space, pi Ventures, Purple Style Labs, Adonmo
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Electric Tractor Startup Moonrider Secures $6M in Series A RoundViestories•Dec 03, 2025•Moonrider, Singularity AMC, pi Ventures, Moon Rider and 3 others
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