Mumbai-based Piper Serica Advisors, established in 2003, one of India’s top-rated SEBI registered portfolio management service provider that provides access to the Indian and international investors to the high-growth Indian equity markets, recently launched SEBI Registered Category 1 Angel Fund to invest in early-stage companies that are using technology to either disrupt or significantly improve industries and processes. The current fund size is capped at Rs. 100 crores with a small green shoe option. The Fund will make 30-40 investments over the next 3-year period. The launch was led by Mr.Abhay Agarwal, Founder and Fund Manager at Piper Serica.
Piper Serica’s Angel fund mainly focuses on start-ups with exponential growth models. The Fund aims to be a seed-to-IPO fund and will stay with its winners for a period of up to 10 years and to reduce the risk of high mortality. The Fund will use its proprietary AI ML based tool called Yoda.ai to screen investment opportunities. This is a unique tool developed by the management team to improve its decision-making process by making it objective and quick.This tool uses 17 parameters to predict the probability of success and then selects the company with a score of 70% or above for further diligence. This is the first AIF being raised by Piper Serica and it plans to raise a series of AIFs over the coming years
Piper Serica Angel Fund is managed by a very experienced team that has multi-decade experience of investing in start-ups as well as public markets through its PMS and advisory services. The Fund will prioritize joint investment opportunities with other lead investors that may include syndicates, individuals, angel platforms and funds, accelerators, and incubators.
Commenting on this announcement, Abhay Aggarwal, Founder and Fund manager, Piper Serica said“It is a very exciting time to invest in start-ups in India just as the start-up ecosystem is ramping up. We are seeing some exceptional talent aspire to become entrepreneurs. India’s economic growth over the next decade will create hundreds of unicorns. HNI investors should definitely allocate a portion of their equity portfolio to start-ups with the objective of making high returns over a long holding period. At the same time, investing in start-ups is fraught with risks therefore better to invest through a well-managed fund”.