The Indian investor has received support from the UK.

Pi Ventures, an Indian early-stage investment firm focusing on AI-related technology, has announced the final close of its debut fund at Rs225 crore ($31m).

The fund has been supported by the UK government-backed CDC Group, which contributed $6m in August, as well as the Small Industries Development Bank of India and the World Bank Group’s International Finance Corporation. Pi Ventures plans to invest in up to 20 India-based startups within the next four years.