Company Research Report: Prime Venture Partners
Company Overview
Name
Prime Venture Partners
Mission
To build world-class companies out of India, providing early-stage tech-driven venture capital support, focusing on being the first institutional investor in category-defining startups.
Founded
2012 (originally called AngelPrime, renamed to Prime Venture Partners in 2015)
Founders
- Sanjay Swamy
- Shripati Acharya
Key People
- Sanjay Swamy - Founder & Managing Partner
- Shripati Acharya - Founder & Managing Partner
- Amit Somani - Managing Partner
- Raj Mashruwala - Partner Emeritus
- Ashish Gupta - Partner Emeritus
- Gaurav Ranjan - Vice President
- Pankaj Agarwal - Associate Vice President
- Shivani Kulkarni - Associate Vice President
Headquarters
Whitefield, Bengaluru, Karnataka, India
Number of Employees
No information is available
Revenue
No information is available
Known For
Prime Venture Partners is known for being an early-stage tech-driven venture capital fund, focusing on sectors such as fintech, SaaS, education, and gaming. They have a track record of over 50 investments, 7 exits, and 1 IPO.
Products
Prime Venture Partners does not offer products in the traditional sense but provides investment and mentorship to early-stage tech startups.
Investments Portfolio
Notable Investments
- Finagg: Supply chain financing solution.
- KredX: Invoice discounting marketplace.
- Hitwicket: Mobile cricket strategy game.
- Poshn: Wholesale agri-commodity trading platform.
- Sunstone Eduversity: Upskilling service provider.
- Digii: Operating system for educational institutions.
- Bolt: Operating stack for the electric mobility ecosystem.
- OTO: Two-wheeler commerce and financing platform.
- Zuper: Field service management solution.
- Dozee: Healthcare and wellness IoT startup.
- Waggle: IoT SaaS solutions for pet owners.
- Quizizz: Gamified quizzing platform.
- Freo: Credit-led neobank.
- MyGate: Security and community management platform.
- Niyo: Neo bank for digital banking services.
- Wheelseye: Truck management solution.
- Bookee: SaaS platform for fitness and wellness businesses.
- Hiration: AI-based professional profile builder.
- Knight Fintech: Tech solutions for treasury management.
Key Features
- Finagg: Digital credit card for suppliers and distributors.
- KredX: Connects SMEs with investors for invoice discounting.
- Hitwicket: Mobile esports cricket game.
- Poshn: Platform for buyer-supplier discovery and cash flow management.
- Sunstone Eduversity: Employability training with Pay After Placement and career assurance options.
- Digii: Campus management and digital learning collaboration tools.
- Bolt: Smart and connected electric mobility solutions.
- OTO: Digital two-wheeler purchase and financing journey.
- Zuper: Management of field sales and services.
- Dozee: Remote patient monitoring using non-contact technology.
- Waggle: Remote monitoring IoT solutions for pet conditions.
- Quizizz: Gamification of classroom and homework tasks.
- Freo: Comprehensive digital banking services.
- MyGate: Entry and exit management for gated communities.
- Niyo: Digital savings and salary accounts with travel card options.
- Wheelseye: Fleet operation optimization through data insights and GPS tracking.
- Bookee: Operational management for fitness businesses.
- Hiration: AI-powered resume building.
Recent Developments
New Partnerships and Fundings
- Mobility startup OTO raised $10 million led by GMO Venture Partners.
- Fintech startup FinAGG raised $11 million from Tata Capital, BlueOrchard.
- Rural-focused fintech Navadhan raised $5 million led by Prime Venture Partners.
- Magicpin cofounder Brij Bhushan joined Prime Venture Partners.
- Agritech firm Poshn raised $4 million led by Prime Ventures Partners, Zephyr Peacock.
- Metafin secured $5 million funding from Prime Venture Partners.
New Products and Features
No specific information is available regarding new products or features introduced by the portfolio companies.
Other Announcements
- Harsha Bhogle invested in the online cricket gaming platform Hitwicket.
- Zuper raised $13 million in Series A investment.
- More an overheated-summer than a funding winter in FY 23 - an indication of the funding environment.
This report has leveraged available details to provide an in-depth understanding of Prime Venture Partners' operational and investment framework.
