SynopsisPiper Serica has launched the Bharat Tech Fund. This new fund aims to raise Rs 800 crore. It will invest in Indian technology startups. The fund is expected to close by December this year. Piper Serica has been supporting India's tech ecosystem since 2022. They focus on founders building globally competitive, IP-led businesses.Asset management firm Piper Serica has launched Bharat Tech Fund with a potential corpus of Rs 800 crore for investment in Indian technology start-ups , the company said on Wednesday.Piper Serica Director Ajay Modi said that the fund is expected to be closed by December this year."Piper Serica, a Mumbai-based asset manager with over Rs 1,400 crore in AUM across public and private markets, has launched Bharat Tech Fund, a Category II Alternative Investment Fund with a target corpus of Rs 600 crore and a Rs 200 crore green-shoe option, taking the total potential fund size to Rs 800 crore," the statement said.Piper Serica has been backing India's tech startup ecosystem through its Category I AIF since 2022."For the first time, Indian founders are building IP-led, engineering-first businesses that are globally competitive, not just domestically relevant. We invest in founders who demonstrate technical depth to build something genuinely defensible, the leadership capacity to build an organisation around it, and the commercial discipline to scale it with unit economics that hold," Modi said.The company's 35 investments till date includes firms across semiconductor, AI, spacetech, defence technology, biosciences and fintech infrastructure, with 35 investments to date. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now