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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. ....
More travel executives get their mission-critical industry news from Skift than any other source on the planet.Tell me more Throughout the week we are posting original stories night and day covering news and travel trends, including on the impact of coronavirus. Every weekend we will offer you a chance to read the most essential stories again in case you missed them earlier. Marriott Leans Into Superapps to Build Up Loyalty: The likes of Alibaba, Grab, and Rakuten have billions of members. If hotels can tap into a just fraction of their users, and convert them to their own loyalty schemes, they’ll be mighty happy. ....
‘What we need today is smart capital rather than just capital’ 25 quotes from Investor Summit 2021 From market trends to investor dynamics, these quotes from YourStory’s Investor Summit 2021 capture a wealth of insights for founders. 0 claps StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week. This special compilation of quotes is divided into five categories: Market trends, Corporate engagement, Revenues & profits, Fundraising, and The India opportunity. Market trends We are back to pre-COVID levels. There’s no slowdown in terms of companies getting funded or entrepreneurs starting up. - Amit Somani, Prime Ventures ....