Prime Venture Partners Announce Closure of Rs 400 Crore Third Fund
Prime Venture Partners, an early stage fund, announced the close of its third fund at Rs 400 Crore (USD 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, the Company said in a release here.
PRIME is a seed-stage venture fund which focuses on startups that not only need capital but also require mentoring to transform them into disruptive companies. The company has three founders Amit, Sanjay & Shripati who are successful entrepreneurs and investors.
With a track record of investing in early-stage technology startups in India, Prime had always focussed on companies that had an innovative approach to use technology to solve fundamental problems.
It had earlier raised USD 8 million in 2012 and USD 46 million in 2015.
