Flipkart, MakeMyTrip founders invest in pi Ventures
Flipkart Co-founder Binny Bansal, MakeMyTrip Founder Deep Kalra, and others have invested in early-stage venture fund pi Ventures' maiden fund of $13 million. The fund also received capital from Small Industries Development Bank of India (SIDBI), besides family offices from the US, Canada, Singapore and India. The fund was launched in August 2016 with a target corpus of $30 million.