Piper Serica launches angel fund worth Rs 100 crore for investments in tech startup

• ByStartupStory     |    June 25, 2022

Mumbai-based Piper Serica Advisors Pvt. Ltd recently formed a SEBI Registered Category 1 Angel Fund, in order to invest in early-stage businesses that are leveraging technology to either disrupt or dramatically enhance industries and processes. 

The angel fund will make 30-40 investments over the following three years, with the present fund size ceiling set at 100 crores with a tiny green shoe option. Abhay Agarwal, the founder and fund manager of Piper Serica led the launch.

The primary emphasis of Piper Serica’s angel fund is on startups with exponential growth strategies. The Fund will stick with its winners for up to 10 years in order to lower the danger of a high mortality rate. Its goal is to be a seed-to-IPO fund. The Fund will screen investment prospects using Yoda.ai, a proprietary AI ML-based platform.

The firm with a score of 70% or above is chosen for more due diligence after this tool examines 17 characteristics to assess the chance of success. Piper Serica is raising its first AIF today and intends to raise more in the future. The fund will emphasize collaborative investment possibilities with other lead investors, who may be syndicates, private investors, funds, accelerators, incubators, or angel platforms.

Piper Serica, a SEBI-registered portfolio management service (PMS) business, was established in 2003 and gives domestic and foreign investors access to the Indian equities markets. The PMS submitted Rs 400 crore in AUM to SEBI and hopes to amass 2000 crore in AUM over the next two to three years.

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