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'More an overheated summer than a funding winter in FY23'
Mint Mumbai
|August 16, 2023
In an interview, Prime Venture Partners' co-founder Sanjay Swamy spoke about the firm’s investment thesis, why it has continued a focused portfolio and how it handles founder-investor relations
Prime Venture Partners is one of the few venture capital firms that has continued to invest in early-stage startups despite challenges in the past year that saw even larger investors turn cautious.
Founded in 2012 by Sanjay Swamy, Shripati Acharya and Amit Somani, the homegrown VC fund (formerly known as AngelPrime) floated its first fund with a corpus of $8 million. The firm is currently deploying its $120 million fourth fund that closed in 2022. A backer of startups such as Cred, MyGate, Ezetap, Affable.ai, Niyo Global, Tracxn and MyCointainer, Prime is a sector-agnostic firm with investments ranging from fintech to software-as-a-service (SaaS) segments.
This story is from the August 16, 2023 edition of Mint Mumbai.
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