Venture Intelligence (TSJ Media Pvt. Ltd.)
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Prath Ventures raises Rs.50-Cr in first close of Rs.225-Cr maiden fund
Prath Ventures, a Mumbai-based early-stage venture capital firm focused on businesses catering to the digital consumer segment, has raised INR 50 crore as the first close of its maiden fund, which targets raising INR 225 crore. The firm raised the amount primarily from high net-worth individuals and a few family offices. It expects to make the final close by the end of this year, and expects institutional investors to be the biggest contributors. Founded in May 2022 by Piyush Goenka and Harmanpreet Singh, Prath Ventures aims to invest the fresh capital in about 20 startups, with an average cheque size of about INR 5-6 crore and some portion reserved for follow-on funding.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.