Brij Bhushan, co-founder and former chief operating officer of Magicpin, has joined early-stage venture capital firm Prime Venture Partners as a full-time venture partner. In this role, Bhushan will be a key member of the investment team and will contribute to all aspects of the firm’s investment, portfolio management, and fundraising, Prime Venture Partners said in a press release. Bhushan had previously worked in venture capital as vice president at Nexus Venture Partners before co-founding Magicpin.
He has also worked with Bain & Co. During his tenure at Magicpin, Bhushan was instrumental in its growth, raising over $100 million from investors including Lightspeed, Zomato, and Waterbridge. “After nearly a decade as a founder, I’m excited to return to VC, where I can help founders navigate their journeys, leveraging my experiences alongside a team that truly understands what it takes to get a company off the ground,” said Bhushan.
Brij Bhushan strengthens venture investments
With plans to strengthen the company’s investment and portfolio management capabilities, Prime Venture Partners has also promoted Gaurav Ranjan to principal of investments. Ranjan served Prime Venture Partners for six years as an associate and, most recently, as vice president.
Led by Sanjay Swamy, Shripati Acharya, and Amit Somani, Prime Venture Partners has invested in more than 50 startups, including WheelsEye, MyGate, Quizizz, PlanetSpark, Dozee, Zuper, Niyo, OTO, Knight Fintech, Finagg, and Navadhan, among others in the past 12 years. The firm has also achieved several exits, such as Happay to Cred, Recko to Stripe, Ezetap to Razorpay, and the IPO of Tracxn. This development aligns with a broader trend where investment firms are expanding their teams and broadening their portfolios.
For instance, the family office of Wipro founder Azim Premji recently brought in Manjot Pahwa, former Vice President at Lightspeed India, to lead early-stage investments in technology sectors. Fashion Entrepreneur Fund has added Gaurav Dalmia, Chairman of Dalmia Group Holdings, and filmmaker Karan Johar as investors and promoters to support early-stage fashion entrepreneurs.
- Entrackr.”Magicpin co-founder Brij Bhushan returns as VC; joins Prime VP as partner”.
- IndianStartupNews.”Magicpin co-founder Brij Bhushan joins Prime Venture Partners as full-time partner”.
- Pune.”Magicpin’s Co-Founder Brij Bhushan Takes on New Role at Prime Venture Partners”.