Why an AI-focused venture fund just raised $13m, backed by India’s top tech mavens

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Top tech entrepreneurs including Flipkart’s Binny Bansal, MakeMyTrip’s Deep Kalra, Zomato parent Info Edge’s Sanjeev Bikhchandani, and former Infosys chief Mohandas Pai are among those who have come together to back an AI-focused venture fund in India, helping it raise US$13 million.

The total corpus of US$30 million is expected to close this year.

Founded by Manish Singhal and Umakant Soni, Pi Ventures says it will invest in early-stage startups that...

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