TLDR:
Prath Ventures has raised INR 120 crore in a second close, with investments made in consumer-centric businesses. The fund plans to spend the corpus within the next 18 to 24 months.
Article Summary:
Prath Ventures, a venture capital firm based in Mumbai, has raised INR 120 crore in a second close co-led by SIDBI Funds and others. The firm, founded in 2022 by Piyush Goenka and Harmanpreet Singh, focuses on investing in consumer-centric businesses at the Seed to Series A stage. Prath Ventures has already made three investments, including beverage maker Jimmy’s cocktails.
More than 20 firms, including Believe Pte, Style Bazaar, Mosaic Wellness, Gokwik, Falcon, Lysto, BridgeUp, and others, have also received funding from Prath Ventures. The company is actively investing and aims to complete its final close in the upcoming months. The fund plans to spend the corpus within the next 18 to 24 months, as it believes this is a good vintage to invest in.
According to Piyush Goenka, Co-founder of Prath Ventures, the firm’s investment philosophy is rooted in a deep understanding of the consumer sector. By providing early-stage companies with strategic guidance and operational support, Prath Ventures aims to catalyze their growth trajectory and unlock their full potential.
