Piper Serica raises ₹160 crore
Mint Mumbai|July 14, 2023
Piper Serica Advisors Pvt. Ltd has marked the final close of its maiden angel fund after overshooting the greenshoe option thanks to high investor interest, its founder said.
Priyal Mahtta
Piper Serica raises ₹160 crore

The wealth management firm, which had set out to raise about ₹125 crore including a greenshoe option of ₹25 crore, has marked the final close at ₹160 crore ($19.5 million), said Abhay Agarwal, also the fund manager at the Mumbai-based investor.

"The response from investors has been overwhelming. At the same time, our deal flow is also very strong. This month, we will close four new investments across different verticals," Agarwal said. One of the four start-ups is University Living, an outbound student accommodation startup. Agarwal didn't disclose the other three companies.

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