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Today: July 21, 2024
July 7, 2024
1 min read

Revolutionizing India’s Future: Amit Somani’s 10X Vision

TLDR:

  • Amit Somani, Managing Partner at Prime Venture Partners, has made over 45 investments in various industries.
  • Prime Ventures focuses on backing startups with a 10X advantage in technology or product.

Amit Somani, Managing Partner at Prime Venture Partners, started his venture capital career accidentally nine years ago and has transitioned from an operational role. He believes investing is a privilege that allows him to meet and support inspired founders tackling significant problems. Prime Ventures focuses on startups with a 10X advantage in technology or product and has made over 45 investments in fintech, SaaS, edtech, healthcare, and logistics. Portfolio companies include MyGate, Niyo, Sunstone Eduversity, Wheelseye, Quizizz, and Poshn.

Building Prime Ventures presents opportunities and challenges, involving sourcing founders, convincing investors, and nurturing companies for success. The firm is bullish on “Digital India,” financial services, financial inclusion, unorganised sector organization, and global software development. With India’s growing economy, Amit Somani believes that the best years for the startup ecosystem are yet to come, with success stories like Happay and Perpule driving the firm’s investments.

Key facts about Prime Venture Partners:

  • Portfolio Size: 45
  • Average Ticket Size: USD 1 Mn to USD 3 Mn
  • Total Exits: 7
  • Total Assets Under Management: USD 300 Mn

Overall, Amit Somani’s vision for Prime Ventures focuses on investing in innovative startups with the potential for exponential growth and impact across various sectors in India’s evolving economy.

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