Path Ventures secures funding of Rs 120 crore to bolster Indian startup growth.

Prath Ventures, a venture capital firm, has successfully raised Rs 120 crore in a second round of funding, with co-leadership from SIDBI Funds and other investors, according to a press release from Prath Ventures. The fund aims to seize opportunities in the Indian consumption market while maintaining high standards of institutional fund management.

A report by Morgan Stanley predicts that India's consumption will exceed $4 trillion by 2030, underscoring the vast potential in the market. Founded in 2022 by Piyush Genkan and Harman Preet Singh, Prath Ventures specialises in investing in digital consumer businesses and their support systems, with a primary focus on early-stage startups from seed to Series A funding rounds. To date, the firm has made three investments, including beverage producer Jimmy's Cocktails, along with undisclosed investments in consumer brands within the lifestyle and travel sectors.

Prath Ventures aims to utilise its industry expertise and network to aid early-stage startups in scaling their operations and achieving sustainable growth. The company integrates a rigorous, private equity-style approach and extensive portfolio management into its investment strategy.

With a portfolio encompassing over 20 startups such as Believe Pte, Style Bazaar, Mosaic Wellness, Gokwik, Falcon, Lysate, and Bridge Up, Prath Ventures demonstrates its dedication to nurturing promising ventures.