Brij Bhushan | Image credit: X
Brij Bhushan, co-founder and former COO of hyperlocal e-commerce firm magicpin, has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm announced on Friday.
In this role, Bhushan will be a key member of the Investments team and will contribute to all aspects of the firm’s investment, portfolio management and fundraising, Prime VP said in a statement.
“Brij Bhushan brings a unique blend of strategic thinking, execution excellence and a long-term mindset that are essential to the company’s growth. We believe he is a perfect addition to our leadership team,” said Amit Somani, Managing Partner, Prime Venture Partners (Prime VP).
Bhushan co-founded magicpin and was instrumental in its growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge.
Bhushan, an IIM Bangalore alumnus, previously worked in venture capital as a vice president at Nexus Venture Partners before co-founding Magicpin. He has also worked with Bain & Co.
“Joining Prime Venture Partners is like coming full circle. As a VC-turned-founder, I’ve realized that early-stage startups need more than just investment. They need a true team member. After nearly a decade as a founder, I’m excited to be back in VC where I can help founders navigate their journeys,” said Bhushan.
Prime VP also promoted its Vice President of Investments, Gaurav Ranjan, to Chief Investment Officer.”
Ranjan, an IIM Calcutta alumnus, has been working at Prime VP for six years.
It has sourced and co-evaluated over 2,000 startups and worked closely with over a dozen early-stage Prime startups including Gallabox, OTO, Capital, Poshn and HitWicket, across sectors including FinTech, SaaS and Gaming, the statement said.
(Only the headline and image of this report may have been reworked by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
First published: August 23, 2024 | 12:05 pm IS
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