BENGALURU, India, March 7 (Bernama-GLOBE NEWSWIRE) -- Prime Venture Partners, an early stage fund, today announced the close of its third fund at INR 400 crore (~$60M). Prime will continue to focus on making concentrated investments with high conviction and support, maintaining its deep involvement model. The key investment sectors which the fund focuses on are Digital India, Fintech/Financial Services, Healthcare, Education, Logistics and Global SaaS solutions.
Founded in 2011, Prime has had a rich track record of investing in early stage technology startups in India and it has always focussed on companies that have an innovative approach to solving fundamental problems through technology. Previously, Prime had raised its first fund of $8M in 2012, and a $46M Fund 2 was raised in 2015. It was the first investor in ZipDial, a missed-call based startup that was acquired by Twitter in 2015, and Ezetap, a mobile payments company that has since raised about $50M in follow-on capital and is a leading provider of enterprise-grade payment acceptance solutions in India.
Prime is typically the first institutional investor in a startup. The firm follows a distinctive model of being highly selective and invests in only 3-5 companies per year, only after building deep conviction in entrepreneurs and their startups through a rapid yet thorough diligence process. A common theme among Prime portfolio companies is strong product and tech teams with unique insights and an ability to rapidly iterate. Portfolio companies work closely with all partners during the formative phase of the business, helping fine-tune all aspects of the company. The firm actively supports entrepreneurs with business and product strategy, refining operating metrics, hiring, partnerships, marketing, finance, all the way through raising subsequent capital.
http://mrem.bernama.com/viewsm.php?idm=31384
Founded in 2011, Prime has had a rich track record of investing in early stage technology startups in India and it has always focussed on companies that have an innovative approach to solving fundamental problems through technology. Previously, Prime had raised its first fund of $8M in 2012, and a $46M Fund 2 was raised in 2015. It was the first investor in ZipDial, a missed-call based startup that was acquired by Twitter in 2015, and Ezetap, a mobile payments company that has since raised about $50M in follow-on capital and is a leading provider of enterprise-grade payment acceptance solutions in India.
Prime is typically the first institutional investor in a startup. The firm follows a distinctive model of being highly selective and invests in only 3-5 companies per year, only after building deep conviction in entrepreneurs and their startups through a rapid yet thorough diligence process. A common theme among Prime portfolio companies is strong product and tech teams with unique insights and an ability to rapidly iterate. Portfolio companies work closely with all partners during the formative phase of the business, helping fine-tune all aspects of the company. The firm actively supports entrepreneurs with business and product strategy, refining operating metrics, hiring, partnerships, marketing, finance, all the way through raising subsequent capital.
http://mrem.bernama.com/viewsm.php?idm=31384
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