According to Technode reports, India's early venture capital fund pi Ventures announced that it has received an investment commitment of 1 billion Indian rupees (about 12 million U.S. dollars) from the start-up fund (FFS) managed by the Small Industries Development Bank of India (SIDBI). It is also supported by investors such as BII, Nippon India Digital Innovation AIF (NIDIA), Accel, Colruyt, and Binny Bansal, Varun Alagh. pi Ventures announced that it will use the funds to invest in start-ups in cross-industry deep technologies such as artificial intelligence and blockchain. Its current investment portfolio in the encryption and blockchain industries includes Web3 network security company Silence Laboratories, industrial technology company SwitchOn, blockchain Chain B2B currency supply chain management platform OweMe, etc.