Asset management firm Piper Serica has launched a new Cat II AIF, the Bharat Tech Fund, with a potential size of 800 Cr. While the target corpus of the fund is 600 Cr, the firm can further exercise a 200 Cr greenshoe option. With the fund, Piper Serica aims to back startups at the Series A and Series B stage operating in segments like semiconductors, AI, spacetech, defence tech, biosciences and fintech infrastructure. The average size of an investment would be in the range of 25-50 Cr. The firm targets to achieve a gross internal rate of return (IRR) of approximately 30% over an average holding period of six years with the fund. The firm claims to be in active…
India Business and Economic Context
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- Originally reported by leading Indian financial media
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Source & Further Reading
This news report was originally published by Inc42 on Wed, 20 May 2026.
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