Indian VC firm raises $75m in initial close of fourth fund

Prime Venture Partners, an India-based venture capital fund, announced the launch of its fourth fund, which raised US$75 million in its first close.

More details

• Investors: International Finance Corporation, family offices and institutions, global technology entrepreneurs, and an endowment from a university
• Stage: First close
• Amount raised: US$75 million
• Target amount: US$100 million
• Average ticket size for investments: US$500,000 – US$2 million
• Sectors: Fintech, edtech, health tech, consumer internet, crypto, electric vehicle, and gaming infrastructure

More company updates

• Founded by Ezetap board members Shripati Acharya and Sanjay Swamy in 2012, Prime Venture Partners added Amit Somani as a partner in 2015. It is actively looking to bring in a fourth partner to expand its leadership team.
• It invests in only five to six companies a year. With its first three funds, the company has committed capital to 32 companies such as MyGate, MFine, Dozee, and Niyo.
• The VC supports entrepreneurs with business and product strategy, hiring, partnerships, marketing, finance, and capital raises.

For more coverage about the company, head here. You can also click on the link below to view the company’s key details and funding history.