Prime Venture Partners raises $75 million towards first close of fourth fund

Mumbai: Prime Venture Partners, an early-stage venture capital firm, has raised $75 million towards the first close of its $100-million fourth fund, amid unprecedented deal activity in the Indian startup ecosystem.

The investors or limited partners in the new fund include World Bank’s International Finance Corporation, University Endowment, several family investment offices and institutions, and global technology entrepreneurs. The fund declined to disclose the details of its other LPs.