pi Ventures

Investment decisions are led by Founding Partner Manish Singhal, a former technologist and entrepreneur who co-founded LetsVenture. Partner Shubham Sandeep, a Forbes 30 Under 30 alum who previously exited a rooftop solar company, shares investment responsibilities. The small, operator-heavy partnership makes the call on all commitments, reflecting a deliberate structure that avoids voting by large committees.

The firm's sourcing advantage derives from its partners' deep technical networks across the IIT ecosystem and India's broader engineering talent base. Singhal's prior experience building LetsVenture, an early-stage startup marketplace, provides an additional on-the-ground pipeline. The team also leans on a founder-referral network from portfolio companies like Agnikul Cosmos and Niramai.

pi Ventures operates as an institutional venture capital firm, not a family office. It raises blind-pool funds from limited partners, though specific LP identities and fund sizes beyond the aggregate $85 million in deployments are not publicly disclosed.

pi Ventures primarily invests at the seed and Series A stages. The firm is willing to back pre-revenue companies if they demonstrate a strong technological foundation and a defensible IP position that can scale globally.

Publicly available information shows pi Ventures engaging only in direct early-stage equity investments. There is no disclosed activity in fund-of-funds commitments, secondaries, or fund-level LP investments.

The firm has not published a negative exclusion list, but its portfolio shows no exposure to consumer internet, traditional financial services, or asset-light marketplaces. Its focus remains tightly defined around deep-tech verticals: AI/ML, robotics, spacetech, quantum computing, biotech, and advanced materials.

There is no public record of a philanthropic foundation or donor-advised fund affiliated with pi Ventures or its principals.