Piper Serica, a Mumbai-based asset manager with over Rs 1,400 crore in assets under management (AUM) across public and private markets, has launched Bharat Tech Fund, a Category II Alternative Investment Fund (AIF) with a total target corpus of Rs 800 crore. This includes Rs 600 crore in primary fund raise and Rs 200 crore as green shoe option.Bharat Tech Fund will invest at the Series A and B stages with cheque size in the range of Rs 25-50 crore for each startup. It is aiming at a gross internal rate of return of 30% over a period of six years.Piper Serica started investing in startups from 2022 in the early stage category through Category I AIF across the sectors…
India Business and Economic Context
India’s economy continues to show strong growth momentum, consistently ranking among the fastest-growing major economies globally. With a young and growing working-age population, increasing digital penetration across rural and urban India, and an ambitious government infrastructure programme, the business landscape offers significant opportunities alongside competitive challenges.
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Key Points at a Glance
- Originally reported by leading Indian financial media
- Relevant for entrepreneurs, MSMEs, investors, and business professionals
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Source & Further Reading
This news report was originally published by YourStory on Wed, 20 May 2026.
📰 Read the full original story: yourstory.com — Full Article ↗
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