It will invest in disruptive technology companies across fintech, edtech, healthtech, consumer internet and Global SaaS.
With this, Prime VP has delivered a healthy, top-decile return to its Limited Partners in 9th year of operation and has further extended the fund by four years
At Prime, Gupta will be a part of the investment committee and actively involved in the decision-making process of all future investments
The startup which offers industry-ready higher education programmes and follows a Pay after Placement model will be using the fund to build its network of colleges across various cities
The firm typically invests about $1 mn in the initial round and reserves $2-4 mn for follow-on rounds