Deeptech backer Piper Serica raises Rs 300 crore in first close of new fund

Piper Serica has secured Rs 300 crore for its Bharat Tech Fund. This new fund will invest in deeptech startups across various sectors. Nearly half the capital came from repeat investors from the firm's first fund. The fund aims to support entrepreneurs building strong intellectual property from India. Piper Serica expects to complete fundraising earlier than planned due to strong interest.