Prime Venture Partners welcomes new addition in Magicpin cofounder Brij Bhushan's joining 👍

Cofounder of Magicpin Joins Prime Venture Partners as Venture Partner

Joining Prime Venture Partners, Brij Bhushan, cofounder of local ecommerce startup Magicpin, will take on the role of venture partner, contributing to investment decisions, portfolio management, and fundraising. Bhushan emphasizes the need for early-stage startups to have a supportive team member besides funding, drawing from his decade-long experience as a founder and VP at Nexus Venture Partners. With an exciting return to the world of venture capital, Bhushan aims to guide founders through their journeys with a team well-versed in the nuances of launching a company.

Bhushan’s Background and Departure from Magicpin

Prior to establishing Magicpin with Anshoo Sharma in 2015, Brij Bhushan served as vice president at Nexus Venture Partners.
In April of this year, Bhushan announced his departure from Magicpin through a LinkedIn post.
An institutional round in November 2021 saw Magicpin secure $60 million, led by Lightspeed India and Zomato.

Prime Venture Partners’ Perspective

Amit Somani, managing partner at Prime Venture Partners, praises Bhushan’s strategic acumen, execution capabilities, and long-term vision crucial for building successful enterprises. Additionally, Gaurav Ranjan has been promoted from vice president to principal-investments, having been instrumental in evaluating over 2,000 startups and working closely with several early-stage portfolio companies.

Prime Venture Partners’ Investment Portfolio

Established in 2012, Prime Venture Partners has invested in more than 50 startups across various sectors, including fintech, SaaS, consumer internet, edtech, healthcare, logistics, and electric vehicles.
The firm’s portfolio features companies like WheelsEye, MyGate, Quizizz, PlanetSpark, Dozee, Zuper, and Niyo.

Hot Take: Explore the Potential of Prime Venture Partners’ Diversified Investment Portfolio

Discover the unique opportunities presented by Prime Venture Partners’ diverse investment portfolio, spanning sectors such as fintech, SaaS, consumer internet, edtech, healthcare, logistics, and electric vehicles. With a focus on supporting early-stage startups, the firm’s strategic investments offer promising avenues for growth and innovation in the evolving landscape of technology and entrepreneurship.