Piper Serica Investment: Piper Serica, an asset management company, has invested nearly Rs 210 crore across more than 33 startups. The Mumbai-based firm said that it has made investments through its Category I Alternative Investment Fund (AIF).

In a press release, Piper Serica said that out of the total fund corpus of Rs 273 crore, the remaining Rs 63 crore will be invested in the next 2-3 months.

Piper Serica Investment: Portfolio 

Piper Serica's current investment portfolio includes startups like Alt Mobility, Sensesemi, Pantherun, Freed, Coratia Technologies, and Six Sense Mobility.

Piper Serica's SEBI-registered fund focuses on early-stage, technology-first companies with sectors showing high-growth potential. It's such as deeptech, fintech, artificial intelligence, spacetech, defence, semiconductors, and biosciences.

Ajay Modi, director at Piper Serica, said that India is currently transitioning from consumption-led to capability-led growth.

"A Rs 6+ lakh crore defence procurement pipeline, a USD 10 billion semiconductor mission, and a deregulated space sector are creating durable industrial demand. The most interesting founders today are building around IP and engineering depth along with a strong distribution focus," Ajay Modi said.

Ajay Modi said that the fund's portfolio reflects deliberate sector concentration rather than diversification.

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