Prath Ventures Raises Rs 120 Crore to Boost Indian Startups

March 14, 2024

, By Editorial Team

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By StartupStory | March 14, 2024

Venture capital firm Prath Ventures has successfully raised Rs 120 crore in a second close, co-led by SIDBI Funds and other investors. The fund aims to capitalize on Indian consumption opportunities while upholding institutional fund management standards, as stated in a press release by Prath Ventures.

“India’s consumption is forecasted to surpass $4 trillion by 2030,” according to a Morgan Stanley report, highlighting the immense potential in the market.

Established in 2022 by Piyush Goenka and Harmanpreet Singh, Prath Ventures specializes in investing in digital consumer businesses and their enablers, primarily focusing on the seed to Series A stage. So far, the firm has made three investments, including beverage maker Jimmy’s Cocktails and undisclosed investments in consumer brands within the lifestyle and travel sector.

“Our goal is to leverage our industry experience and network to support early-stage startups in scaling their businesses and achieving sustainable growth,” stated Prath Ventures. The company integrates private equity-style rigor and deep portfolio management into its investment approach.

Prath Ventures boasts a portfolio of over 20 startups, including Believe Pte, Style Bazaar, Mosaic Wellness, Gokwik, Falcon, Lysto, BridgeUp, and others, showcasing its commitment to nurturing promising ventures.

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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Prath Ventures Raises Rs 120 Crore to Boost Indian Startups

March 14, 2024

, Published By Editorial Team

By StartupStory | March 14, 2024

Venture capital firm Prath Ventures has successfully raised Rs 120 crore in a second close, co-led by SIDBI Funds and other investors. The fund aims to capitalize on Indian consumption opportunities while upholding institutional fund management standards, as stated in a press release by Prath Ventures.

“India’s consumption is forecasted to surpass $4 trillion by 2030,” according to a Morgan Stanley report, highlighting the immense potential in the market.

Established in 2022 by Piyush Goenka and Harmanpreet Singh, Prath Ventures specializes in investing in digital consumer businesses and their enablers, primarily focusing on the seed to Series A stage. So far, the firm has made three investments, including beverage maker Jimmy’s Cocktails and undisclosed investments in consumer brands within the lifestyle and travel sector.

“Our goal is to leverage our industry experience and network to support early-stage startups in scaling their businesses and achieving sustainable growth,” stated Prath Ventures. The company integrates private equity-style rigor and deep portfolio management into its investment approach.

Prath Ventures boasts a portfolio of over 20 startups, including Believe Pte, Style Bazaar, Mosaic Wellness, Gokwik, Falcon, Lysto, BridgeUp, and others, showcasing its commitment to nurturing promising ventures.

Follow Startup Story

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Sleek, loaded with ports and power: iVANKY FusionDock Max 1 is the best dock for MacBooks

Next News

OpenAI’s deals with publishers could spell trouble for rivals

StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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