Prime Venture Partners Closes Third Venture Capital Fund, at $60M
Summary
Prime Venture Partners, a Bengaluru, India-based early stage venture capital firm, closed its third fund, at INR 400 crore (approx.The fund will focus on Digital India, Fintech/Financial Services, Healthcare, Education, Logistics and Global SaaS solutions.Founded in 2011, Prime has always invested in early stage technology startups in India focusing on companies having an innovative approach to solving fundamental problems through technology.The firm invests in only 3-5 companies per year, actively supporting entrepreneurs with business and product strategy, refining operating metrics, hiring, partnerships, marketing, finance, all the way through raising subsequent capital.It was the first investor in ZipDial, a missed-call based startup that was acquired by Twitter in 2015, and Ezetap, a mobile payments company that has since raised about $50M in follow-on capital.