Dr. Ashish Gupta named as Partner Emeritus by Prime Venture Partners

Ashish Gupta will be part of the Investment Committee and actively involved in the decision-making process of all future investments at Prime. He will also serve as a mentor and advisor to the entire portfolio, the fund’s future strategies, and guide the team on several aspects of venture capital investing and portfolio management.

Prime Venture Partners announced Dr. Ashish Gupta as Partner Emeritus (Senior Partner) to strengthen its investment team. US-based Ashish is a renowned serial entrepreneur, angel investor, and VC, having co-founded Helion Ventures in 2005.

At Prime, Ashish will be part of the Investment Committee and actively involved in the decision-making process of all future investments at Prime. He will also serve as a mentor and advisor to the entire portfolio, the fund’s future strategies, and guide the team on several aspects of venture capital investing and portfolio management.

Started in 2012, Prime Venture Partners is an early-stage VC fund led by Sanjay Swamy, Shripati Acharya & Amit Somani. The fund also has a well-known serial entrepreneur, investor, and Aadhaar volunteer, Raj Mashruwala, as a Partner Emeritus.

Dr. Ashish Gupta said, “The Indian startup ecosystem is in a very vibrant phase of its evolution and Prime is well-positioned to be a key player in the building of Digital India. I’ve known all the partners Shripati, Amit, Sanjay, and Raj for the better part of the last 30 years and am delighted to be working closely with them in helping shape Prime’s next phase of growth.”

Ashish Gupta is a well-known and highly respected figure both in the Indian startup ecosystem and in Silicon Valley. He has been an early investor in startups that later became big such as Flipkart and MuSigma. Ashish serves on several boards including Ezetap, Pubmatic, Simplilearn, SMSGupshup, and Naukri. His other investments include Qwikcilver (acquired by Pinelabs), Daksh (acquired by IBM), MakeMyTrip, Upwork, Perfios, and Redbus.

Shripati Acharya, Co-Founder & Managing Partner, Prime Venture Partners said, “Ashish is just an incredible all-round person. As an entrepreneur, investor, mentor and friend, he has been the first person we’ve turned to for brainstorming over the years. Founders who interact with him even for a few minutes always appreciate his direct style and insights. We’re privileged to have him formally associated with Prime. This will be a huge step in helping us further improve the quality of our investment decisions, as well as an excellent value-add for our entrepreneurs building companies out of India and globally.”

With more than 25 companies in its portfolio, Prime is bringing a combination of first-hand entrepreneurial experience, operating expertise, and meaningful capital. With the addition of Ashish Gupta, Prime is looking to further boost its portfolio with early-stage investments in Fintech, SaaS, Enterprise, Healthcare, Education, and Logistics.