Prime Venture Partners

Company

Investment-firm

Last deal

Amount

Seed

Stage

24.10.2012

Date

1

all rounds

Financing round

General

About Company
Prime Venture Partners is a Bangalore-based seed fund that helps Indian startups build disruptive product companies for global markets.

Industry

Sector :

Subsector :

Keywords :

Also Known As

Prime Venture Partners (formerly AngelPrime)

founded date

01.01.2011

Number of employees

Last funding type

Seed

IPO status

Private

Description

Led by serial entrepreneurs, Prime Venture Partners addresses a gap in the Indian startup ecosystem by providing first-hand entrepreneurial experience, operating expertise, and meaningful capital. Since its founding in 2011, the firm has incubated a number of successful startups, including ZipDial (acquired by Twitter), Ezetap, SmartOwner, Synup, HackerEarth, Happay, Vidgyor, Maya, KredX, MoneyTap & NiYO, and focuses on the information technology and business products and services sectors.
Contacts
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Financials

Funding Rounds
1
1

Number of Funding Rounds

Their latest funding was raised on 24.10.2012. Their latest investor Mayfield Fund. Their latest round Seed

Date 
Funding Round 
Investors 
Money Raised 
Lead 
24.10.2012
1
Investments
75
Date 
name 
Lead 
type 
Raised 
06.05.2024
Yes
$4M
08.03.2024
Yes
$17.14M
Local Amount - INR 1.42B
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People

Founders
4
Bala Parthasarathy
Bala Parthasarathy

Bala Parthasarathy

It's one thing to be an entrepreneur. It's another thing to pull it off multiple times. Bala has been there and done that. While fortune favors the brave, Bala's success is also due to an uncanny knack for spotting trends, an endless reservoir of energy and passion to ideate, strategize and execute and a charismatic, down to earth working style that has won friends and helped him assemble the best teams in business. Among other things, Bala has built three companies, the latest of which was Snapfish, bought by Hewlett Packard in 2005. As General Manager and MD for Snapfish International, he led its growth into becoming the world's largest online photo site with 100M+ users, and expansion into 20+ countries in Europe and Asia Pacific. Later, he worked with Mr. Nandan Nilekani, Chairman - UIDAI, and played a seminal and leading role in defining the application strategy and developer ecosystem on the UIDAI project, considered widely as the most complex project of its kind anywhere in the world. To describe Bala as just a successful entrepreneur is to leave an interesting story half said. His insatiable appetite to see the world has taken him on personal adventures across 75 countries in the world and driven him to acquire fluent spoken Spanish and French and a surprisingly effective grasp of German, Portuguese and Italian, endearing him to many a waiter at restaurants all over the world. He has climbed the Kilimanjaro, trekked the Andes, Alps and the Himalayas, motor-biked across the African continent, up the highest motorable road in the world at Leh, ridden boats, camels and ramshackle trains - in the quest for experiencing those indescribable moments which have made him what he is. He shares his love for the world and adventure with his wife, Dana and their three kids. Prior to Snapfish, Bala co-founded Wyatt River Software, which was acquired by what is now SafeNet and started his career as one of the early engineers who built Digital Link, which went public in 1993. In 2006, he was recognized by University of California - Santa Cruz with its highest honor for alumni as a "Distinguished Alumnus".

current job

Freo
Freo

count Of Investments

3

Bala Parthasarathy

Sanjay Swamy
Sanjay Swamy

Sanjay Swamy

Sanjay loves his wacky sense of humour ‐ entrepreneurs who work with us will have to deal with a handful of self‐graded B‐grade puns! Sanjay is well known for his founding role at ZipDial (now acquired by Twitter) and his role at mChek, the path breaking startup in secure payments, Sanjay has trodden the path of an entrepreneur all through his career. After completing his bachelor's degree in engineering, Sanjay headed to Paris where he earned his Master's degree. After a stint at Xerox PARC in Palo Alto, Sanjay embarked on a journey to build world class teams and products that took him through startups like Ketera and Portal Software, mChek, Zipdial & Ezetap which he co‐founded in 2010. An active member of the community, Sanjay is a Rotarian and a charter member of TiE, a volunteer at iSPIRT, and organizes the Fintech Panel at the Nasscom Product Conclave. He also played a prominent role on the UIDAI project under the leadership of Nandan Nilekani. He is a frequent speaker and evangelist in the entrepreneurship and payments circuits in the country. Sanjay loves to blog ‐ anything you say that is half‐way intelligent will turn into a subject for his blog.

current job

Ezetap
Ezetap

Sanjay Swamy

Shripati Acharya
Shripati Acharya

Shripati Acharya

Entrepreneurs who work with us will have to deal with his eating raw plants & veggies from time to time ‐ anyone who can out‐veggie Shripati is automatically funded! Throughout his career, be it as a business lead at Cisco or as a co‐founder of Snapfish, the world's largest photo site acquired by HP or at Transarc, which was acquired by IBM, Shripati has combined his passion to build great teams, an extraordinary desire to excel and a keen eye for spotting the tales. He is known for being astute with a razor sharp intellect and a Zen‐like devotion to data driven decision‐making. Shripati has also worked alongside Mr. Nandan Nilekani on the UIDAI project. Having spent substantial parts of working career in the United States and India addressing worldwide markets, Shripati brings a global management perspective. His passion for Indian business was seeded when he interned for Boston Consulting Group in India and has grown through investments in and mentoring of Indian online startups over the last decade. Shripati enjoys the great outdoors and has hitchhiked through Europe and trekked the wind swept mountains of the Himalayas and the Andes. A firm believer in healthy living, Shripati diligently practises competitive yoga and interactive meditation and a deforestation diet ‐ every organic shop in Bangalore has his number on speed dial.

current job

Prime Venture Partners
Prime Venture Partners

Shripati Acharya

Amit Somani
Amit Somani

Amit Somani

Amit is our CTO - chief travel officer and is always thinking of some staycation, workcation, jobbatical or helping us with our travels! Amit has more than 20 years of experience in technology and internet industries and is also deeply engaged with the early stage ecosystem in India. In his previous role as the Chief Products Officer for MakeMyTrip, Amit led the entire online product portfolio. He was a part of the leadership team that took the company public on NASDAQ in 2010. Amit has also been the head of various teams focusing on search, mobile and advertisement products at Google. One of his products (the search‐based keyword tool) won the Google founder's award. Prior to his role at Google, Amit was the Director for the Enterprise Search and Discovery business at IBM San Jose, California. Amit holds a B.S Computer Science (Gold medalist) from Indian Institute of Technology Varanasi and a Masters in Computer Science from the University of Wisconsin, Madison. He has published several papers and holds seven US patents. When he is not busy mentoring and working with entrepreneurs, Amit loves to travel around the world, is a sports enthusiast, enjoys reading and is a fusion chef!

current job

MindTickle
MindTickle

Amit Somani

Employee Profiles
7
Shripati Acharya

Shripati Acharya

Founder & Managing partner

Sanjay Swamy

Sanjay Swamy

Managing Partner & Co-Founder

Tulsi Swamy

Tulsi Swamy

Chief Financial Officer

Akhila Deshpande

Akhila Deshpande

Head - PR & Marketing

Bala Parthasarathy

Bala Parthasarathy

Founder & Managing partner

Raj Mashruwala

Raj Mashruwala

Partner Emeritus

Amit Somani

Amit Somani

Managing Partner

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