Hero Electronix was among the limited partners as venture capital fund Pi Ventures reached a $25m second close on its way to a $30m+ target.
India-based venture capital fund Pi Ventures has raised $25m for its fund from limited partners including the corporate venturing subsidiary of electronics manufacturer Hero Electronix, the Economic Times reported yesterday.
The $25m figure represents a second close for the fund, for which Pi aims to raise more than $30m in total. The other LPs contributing to the second close included financial services firm Canara Bank’s Electronic Development Fund and private investor Sunil Kant Munjal.
Pi is focusing on developers of…
