Venture capital firm Prath Ventures recently concluded its second close, securing a substantial Rs 120 crore in funding. SIDBI Funds and other prominent investors led the round.
The primary objective of this funding infusion is to capitalize on burgeoning Indian consumption opportunities, aligning closely with the forecasted growth trajectory. According to insights from a Morgan Stanley report, India’s consumption sector is poised to exceed $4 trillion by 2030, presenting a lucrative landscape for investors.
Established in 2022 by industry veterans Piyush Goenka and Harmanpreet Singh, Prath Ventures specializes in nurturing digital consumer businesses and their supporting infrastructure. Focusing on seed to Series A stage startups, the firm has already made significant strides, culminating in three strategic investments.
Among these investments is a partnership with beverage maker Jimmy’s Cocktails, showcasing Prath Ventures’ commitment to fostering innovation within the consumer goods sector. Additionally, the firm has undisclosed investments in lifestyle and travel brands, further diversifying its portfolio and consolidating its presence in key market segments.
Prath Ventures distinguishes itself by leveraging its founders’ extensive industry experience and robust network to provide unparalleled support to early-stage startups. The firm aims to empower entrepreneurs to scale their ventures and achieve sustainable growth through a holistic approach that integrates private equity-style rigour with comprehensive portfolio management.
With a portfolio spanning over 20 startups, including notable names such as Believe Pte, Style Bazaar, and Mosaic Wellness, Prath Ventures continues to demonstrate its prowess in identifying and nurturing promising ventures. The company’s strategic investments in Gokwik, Falcon, Lysto, BridgeUp, and others underscore its commitment to driving innovation and fostering long-term value creation within the Indian startup ecosystem.
As Prath Ventures embarks on its next phase of growth, fueled by the recent funding injection, it remains poised to capitalize on emerging opportunities and solidify its position as a leading player in India’s dynamic venture capital landscape.
