Prime Venture Partners raises Rs 400 crores in Fund 3

Prime Venture Partners, an early stage fund, today announced the close of its third fund at Rs 400 crore.
Prime will continue to focus on making concentrated investments with high conviction and support, maintaining its deep involvement model, the company said in a release.
It said the key investment sectors which the fundfocuses on are Digital India, Fintech/Financial Services,Healthcare, Education, Logistics and Global SaaS solutions.
Founded in 2011, previously, Prime had raised itsfirst fund of USD 8 million in 2012, and a USD 46 million Fund2 was raised in 2015.
"Digital India is exploding; there has never been a more exciting time to be an entrepreneur in India. We are privileged to partner with amazing entrepreneurs who are building some of the most exciting emerging companies in India," Prime Venture Partners co-founder & managing partner Sanjay Swamy said.

"We are also grateful for the fantastic support fromour existing Limited Partners (LPs) and delighted to welcomesome amazing new long-term LPs to our journey," he said.