Prath Ventures secured Rs 120 Cr in second close from SIDBI Funds, others
SIDBI Funds and other investors helped the venture capital firm Prath Ventures raise Rs 120 crore in a second close.
In line with institutional fund management best practices, the fund will aim to provide its limited partners with opportunities for Indian consumption, according to a press release from Prath Ventures. A Morgan Stanley analysis projects that by 2030, India’s consumption will have surpassed $4 trillion.
Investing in digital consumer businesses and their enablers, Prath Ventures was co-founded in 2022 by Piyush Goenka and Harmanpreet Singh. It concentrates on the seed to Series A stage and has made three investments, including the beverage manufacturer Jimmy’s Cocktails and unannounced ventures into travel and lifestyle consumer brands.
The Mumbai-based business claims that it helps early-stage startups scale their operations and achieve sustainable growth by utilizing its network and industry expertise. The platform’s investment strategy incorporates deep portfolio management and rigor akin to that of private equity.
More than 20 startups have received funding from the company, including Lysto, BridgeUp, Mosaic Wellness, Gokwik, Falcon, and Believe Pte.
