India, March 5 -- Venture capital (VC) firm Prime Venture Partners has announced its fifth fund with a corpus of $100 Mn to invest in early-stage Indian startups.

In a statement, the investment firm said that its limited partners (LPs) have already committed more than 80% of the fund's corpus. Prime Venture Partners plans to start deploying the capital from the fifth fund in the second half of 2025.

Speaking with Inc42, Prime Venture Partners' cofounder and managing partner Sanjay Swamy said that the new fund is expected to be fully committed later this year.

The fund plans to back 16-18 startups. While the VC firm will initially write cheques in a range of $2 Mn to $4 Mn, it has kept the door open for further investments of up to $12 ...