Abhishek Kumar - Cofounder & CEO, MyGate
Keerti Singh - Cofounder, Hitwicket
About Prime Venture Partners
Prime Venture Partners is an early-stage Venture Capital (VC) fund led by Sanjay Swamy, Shripati Acharya & Amit Somani. We are often the first institutional investor in category-defining tech-startups.
Prime started in 2012 with the objective of building world class companies out of India. It was originally called AngelPrime and renamed to Prime Venture Partners in 2015.
Prime is led by partners with deep experience both as entrepreneurs and operators. We work closely with founders to understand the context of their business - be it in hiring, business strategy, sales, marketing, business model or fundraising.
$300M
AUM
50+
Investments
7
Exits
1
IPO
Frequently Asked Questions
We do whatever it takes to make our companies successful. We have invested in over 50 companies and 95% of them are alive and well. We have 7 profitable exits and 1 IPO so far. We have only ever had 5 shutdowns.
We do whatever it takes to make our companies successful. We have invested in over 50 companies and 95% of them are alive and well. We have 7 profitable exits and 1 IPO so far. We have only ever had 5 shutdowns.
We partner with you on a 7x24x365 basis for a long time (all of us!) We are entrepreneurs first, financial investors next. We will be there with you whether you're doing your IPO, selling your company,shutting it down and starting your next venture!
We do whatever it takes to make our companies successful. We have invested in over 50 companies and 95% of them are alive and well. We have 7 profitable exits and 1 IPO so far. We have only ever had 5 shutdowns.
We do whatever it takes to make our companies successful. We have invested in over 50 companies and 95% of them are alive and well. We have 7 profitable exits and 1 IPO so far. We have only ever had 5 shutdowns.
We partner with you on a 7x24x365 basis for a long time (all of us!) We are entrepreneurs first, financial investors next. We will be there with you whether you're doing your IPO, selling your company,shutting it down and starting your next venture!
We are long term investors. When we come into a company, we have high conviction that the founders will build a large independent company and we would ideally want to hold till an IPO or a sizeable M&A event.
We are long term investors. When we come into a company, we have high conviction that the founders will build a large independent company and we would ideally want to hold till an IPO or a sizeable M&A event.
Each of our fund’s duration is for 10 years wherein we invest during the first 3 years. Based on when we invested in your company during the 3 year cycle the holding time will be 7-10 years. This is set as we do have limited partners (our investors) and fund boundaries. We have rarely if at all done a secondary sale in any of our 50+ investments.
Our process is straightforward and quick, although it will vary from company to company, below are standard steps each founding team will go through:
Our process is straightforward and quick, although it will vary from company to company, below are standard steps each founding team will go through:
You will typically speak to anyone on the Investment team (Sanjay Swamy, Shripati Acharya, Amit Somani, Gaurav Ranjan, Shivani Kulkarni or Pankaj Agarwal) based on a referral/outbound/inbound. Your first meeting will be an in-person/virtual meeting for 45 minutes to an hour where you get to tell us everything about your company, team, market and problem statement. In the first meeting we like to spend time understanding the team and going deep to understand the problem you are trying to address.
Note: watch these videos as preparation for your first meeting: Fundraising Tips from Pankaj and Fundraising Tips from Shivani
If you’ve come to this stage, we are definitely keen about your business as most of our ‘passes’ happen after the first meeting. Here you’ll meet with the lead partner to explain the business opportunity in detail and learn more about each other.
We’re serious about this partnership, at Prime we make decisions as a team. At this stage you will get an opportunity to meet all our Partners and the Investment team. In parallel, we will initiate our reference and due diligence process to validate our belief in your business. This will involve deep-dive on product, customer discovery, technology evaluation and validation with industry leaders.
We are entrepreneurs ourselves, so we will be very respectful of your time. Irrespective of whether both you or we chose to work with each other, the decision making process will be thoughtful and valuable. Depending on the sector, it can take anywhere from 3 to 6 weeks to make a decision.
Media
Announcements
Magicpin cofounder Brij Bhushan joins Prime Venture Partners
Agritech firm Poshn raises $4 million in funding led by Prime Ventures Partners, Zephyr Peacock
Metafin secures $5 million funding from Prime Venture Partners
Mobility startup OTO raises $10 million led by GMO Venture Partners
Fintech startup FinAGG raises $11 million in funding from Tata Capital, BlueOrchard
Rural-focused fintech Navadhan raises $5 million led by Prime Venture Partners
