KUALA LUMPUR, March 7 (Bernama) -- Prime Venture Partners, an early stage fund, today announced the close of its third fund at INR 400 crore, approximately US$60 million.
Prime Venture Partners will continue to focus on making concentrated investments with high conviction and support, maintaining its deep involvement model.
The key investment sectors which the fund focuses on are Digital India, Fintech/Financial Services, Healthcare, Education, Logistics and Global SaaS solutions.
Previously, Prime had raised its first fund of US$8 million in 2012, and a US$46 million Fund 2 was raised in 2015.
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 US$50 million in follow-on capital and is a provider of enterprise-grade payment acceptance solutions in India.
Founded in 2011, Prime has had a rich track record of investing in early stage technology startups in India and it has focused on companies which have an innovative approach to solve fundamental problems through technology.
-- BERNAMA
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