- Brij Bhushan joins PrimeVP as a full-time Venture Partner.
- Bhushan co-founded magicpin, now India’s third-largest food delivery app
- An IIM Bangalore alumnus, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners.
- Gaurav Ranjan has been promoted to Principal, Investments.
- These recent changes will strengthen PrimeVP’s investment and portfolio management expertise.
Bangalore, August 23, 2024 – India’s leading early-stage venture capital firm, Prime Venture Partners (PrimeVP), has announced that Co-founder and former COO of magicpin, Brij Bhushan, has joined them as a full-time Venture Partner. In this role, Brij will be a key member of the Investment team and will contribute to all aspects of the firm’s investment, portfolio management and fundraising.
Brij Bhushan co-founded magicpin, which is currently India’s leading hyperlocal startup and third-largest food delivery app. As a co-founder, he was instrumental in magicpin's growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge.
An alumnus of IIM Bangalore, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners before co-founding magicpin. He has also worked with Bain & Co.
Brij Bhushan, Venture Partner, Prime Venture Partners, said, “Joining Prime Venture Partners feels like coming full circle. As a VC turned founder, I’ve realized that early-stage startups need more than just investment—they need a true team member. The Prime team, full of ex-entrepreneurs, has exemplified this over the past decade, and I resonated deeply with their culture. After nearly a decade as a founder, I’m excited to return to VC, where I can help founders navigate their journeys, leveraging my experiences alongside a team that truly understands what it takes to get a company off the ground.”
Amit Somani, Managing Partner at Prime Venture Partners, said, "Brij Bhushan brings a unique combination of strategic thinking, execution excellence, and a long-term mindset essential for company building. We believe he is a perfect addition to our leadership team."
Sanjay Swamy, co-founder and Managing Partner at Prime said, “We’re excited to expand the leadership team with Brij Bhushan’s addition and plan for the next decade of growth in the Indian VC and Tech Start-up ecosystem. Nation’s startup ecosystem has now matured to the point where companies can go through the various stages of establishing Product Market Fit, Early Growth, Late-Stage funding, and eventually IPO and post listing journey in a predictable manner.
With plans to strengthen the company's investment and portfolio management capabilities, the company has also promoted Gaurav Ranjan to Principal - Investments. An IIM Calcutta alumnus, Gaurav has been with PrimeVP for six years, starting as an associate, and most recently as Vice President. He has sourced and, co-evaluated more than 2,000 startups, work closely with over a dozen of Prime’s early-stage startups, including Gallabox, OTO, Capital, Poshn and HitWicket, across sectors such as FinTech, SaaS, and Gaming.
Gaurav Ranjan, Principal - Investments, Prime Venture Partners, said, "PrimeVP has institutionalized the talent shaping process both internally and externally by investing in and shouldering founders across the ecosystem. I am excited to take on a role that allows me to contribute to building exceptional companies, solving real problems, and creating sustainable value in India’s startup ecosystem."
Prime Venture Partners’ recent expansions and promotions are designed to further strengthen its leadership team’s investment capabilities and reinforce its long-term commitment to India’s startup ecosystem as a leading entrepreneur/operator-led early-stage VC.
About Prime Venture Partners
Prime Venture Partners is one of India’s leading early-stage venture capital firms (primevp.in) based in Bangalore, led by Sanjay Swamy, Shripati Acharya, and Amit Somani. Over the past 12 years, Prime Venture Partners has successfully invested in more than 50 Startups, including WheelsEye, MyGate, Quizizz, PlanetSpark, Dozee, Zuper, Niyo, OTO, Knight Fintech, Finagg, and Navadhan, among others. The firm has also achieved several significant exits, such as Happay to Cred, Recko to Stripe, Ezetap to Razorpay, and the IPO of Tracxn. Founded in 2012 with the goal of bringing Silicon Valley-style professionalism to venture investing and building world-class companies from India, PrimeVP is often the first institutional investor in category-defining tech startups. Its major investments span sectors including FinTech, Enterprise SaaS, Consumer Internet, EdTech, Healthcare, Logistics, IoT, and EVs, among others.
Media Contact Email: media@primevp.in
