Mumbai-based Investing in early-stage tech businesses, Piper Serica Advisors Pvt. Ltd., a SEBI-registered Category 1 Angel Fund, has raised Rs 75 Cr from a variety of investors.
ALT Mobility, Crediwatch, ZFW Dark Stores, Driffle, and Oditly are among the other companies in which the Angel fund has invested, as per reported by BW Disrupt.
Read also – Malaika Arora joins Get-A-Way as an Investor & Brand Ambassador
Speaking on the announcement, Abhay Agarwal, Director of Piper Serica Advisors said, “We are very excited with the response we have received from investors and founders alike. We are investing in several high-quality companies and expect to have very profitable exits from them in line with our strategy. We are very happy with the presence we have created in the start-up ecosystem. We are seeing very high-quality deal flow from other funds, platforms, and directly from founders.”
Piper Serica assists its portfolio firms in quickly scaling up by assisting them with customer acquisition, team building, and capital raising. Working with other investors who share your goals requires a cooperative approach to investment.
Read also – [Funding alert] Breathe Well-being Secures Rs 50 Cr In Pre-series B Round
Ajay Modi, Vice President of Piper Serica said “The much talked about funding winter has actually normalised the valuation expectation by founders. This is giving us access to good businesses run by very good founders and available at reasonable valuations.”
Read also – [Funding alert] Savings App Gullak Secures $3 Mn in Seed Round
About Piper Serica
Portfolio Management Services are offered by Piper Serica, a SEBI-registered supplier (PMS). It also counsels FPI Piper Serica Numero Uno Fund, which is domiciled in Mauritius. It produced returns that outperformed the industry.
Read also – [Funding alert] D2C Nutritional Supplements Brand Fitholic Raises INR 4 mn in pre-Seed Round
