Prime Venture Partners Launches New $100M Fund

In a significant move highlighting investor confidence in India's digital-native startups, Prime Venture Partners has announced the launch of a $100 million venture capital fund. This fund is aimed at investing in early-stage startups across India, with a focus on sectors like fintech, AI/deeptech, global SaaS, and Digital India.

Global Institutional Investors Show Strong Support

The fund has already secured more than 80% of its capital commitment from global institutional investors, including family offices, university endowments, and fund-of-funds. These investors hail from diverse regions such as the US, Singapore, Europe, and the Middle East, showcasing the international interest in India's burgeoning startup ecosystem.

Investment Strategy and Future Prospects

Initial investments from the fund are expected to range between $2 million and $4 million, with the possibility of follow-on investments reaching up to $12 million per venture in subsequent funding rounds. Prime Venture Partners plans to invest in 16 to 18 startups, leveraging India's robust digital platforms like Aadhaar, UPI, and ONDC to foster growth across multiple sectors.

Sanjay Swamy, co-founder and managing partner at Priven Advisors, emphasized the long-term positive outlook of limited partners towards India's startup ecosystem. He highlighted the increasing significance of AI and deeptech in investment strategies, which are creating new product-led growth opportunities. With recent tech IPOs demonstrating strong investor appetite, the stage is set for more high-growth startups to list.

Since its inception in 2012, Prime Venture Partners has backed 50 early-stage startups, with successful exits including Happay (Cred), Recko (Stripe), Perpule (Amazon), Ezetap (Razorpay), and Tracxn post its IPO.