wordpress blog stats
Connect with us

Hi, what are you looking for?

AngelPrime raises Rs 300 Cr; rebrands as Prime Venture partners

Seed-stage fund AngelPrime has raised Rs 300 crore from  The Social+Capital Partnership and several institutional investors from Silicon Valley, New York, Hong Kong, Europe and Singapore. With the new investment, the fund has re-branded itself as Prime Venture Partners. "Prime Venture Partners will continue to focus on a handful of start-ups every year, maintaining its deep involvement approach," the fund said in a release. Prime Venture Partners will be infusing up to Rs 6 crore in a single round in companies across business segments such as financial technology and services, mobile Internet, Internet-connected devices, education and healthcare and about a fifth of the funding will be deployed this year, as indicated by this Mint report. Founded in 2011 by  Bala Parthasarathy, Shripati Acharya and Sanjay Swamy, AngelPrime provides seed capital to startups in the $200,000-$600,000 range and nurtures them for 12-14 months. Earlier in February, former MakeMyTrip chief products officer Amit Somani joined AngelPrime as a partner. Prime Venture Partners' portfolio includes mobile marketing and analytics platform ZipDial which was acquired by Twitter earlier this year. Other companies include mobile point-of-sale terminal firm Ezetap, M2M and IoT startup Nimble Wireless,  business expense management solution, Happay and tech hiring startup HackerEarth. Other VCs who have raised capital - In March, Venture capital firm SAIF Partners raised $350 million for a new India-focused fund from 27 investors. - Mayfield Fund,  closed its second India-dedicated fund at $108 million in February. - Sequoia Capital added another $210 million to its existing $530 million-India fund in April - In March again, Accel Partners, the venture capital firm that backed…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ