Investments
26Portfolio Exits
1Funds
2About Pravega Ventures
Pravega Ventures started with a simple vision: to help passionate founders get their ideas off the ground. Before product-market fit, before traction, when literally the only thing is the founder's conviction, and a vision that is often so bold as to be intimidating. This stage, akin to the the initial liftoff of a rocket, is also the hardest part of a new venture's journey. At Pravega, their endeavor is to build a platform to serve as the launchpad for this journey. There are two core underpinnings of this platform. The first is their commitment to spend time with the teams - on everything from recruiting, product definition, to go-to-market - helping to solve the problems and accelerate the speed of execution. The second is their extensive network of seasoned founders and experts that teams can lean on for advice and mentorship in matters both strategic and tactical.
Latest Pravega Ventures News
Mar 10, 2023
GrayQuest, a fintech firm, has received $7 million in its Series A round, or Rs 56 crore. Family investors like Weizmann Group, Telama Family Office, and Apurva Parekh participated in the round, which was headed by Pravega Ventures (Pidilite Family Office). Previous investors including the family offices of Yogesh Mahansaria and Ashok Wadhwa, founders of Ambit Capital, also contributed to the investment round. Prominent businesspeople such David Piexoto (Isaac), Anupam Mittal (Shaadi.Com), Abhishek Goyal (Traxcn), Nitin Gupta (UNI), Pravin Jadhav (Rise Financial Services), Aakrit Vaish (Haptik), and Dhyanesh Shah & Revant Bhate (Mosaic Wellness) also took part in the investment round. The money will be used by GrayQuest to expand distribution within the educational environment and improve its product offerings. In order to help educational institutions digitise and improve their tuition collection, Rishab Mehta founded GQ, which provides a single payment platform. With the help of GQ’s platform, schools may provide parents with a variety of payment alternatives that are specifically suited to their needs, such as a simple monthly payment option that eliminates any additional expenditures for paying the yearly tuition.
Pravega Ventures Investments
26 Investments
Pravega Ventures has made 26 investments. Their latest investment was in GrayQuest as part of their Series A - II on March 3, 2023.
Pravega Ventures Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
3/9/2023 | Series A - II | GrayQuest | $7M | No | 4 | |
2/21/2023 | Series A | Mintoak | $20M | No | 17 | |
12/13/2022 | Series A | GrayQuest | $3.75M | Yes | Apurva Parekh, Astra, Crest Capital Ventures, Dharmendra Siraj, Kavita Kharbanda, Keshav Mishra, Kotta Enterprises, Nine Advisors, Pravega Ventures, Saswad Finance, Siddharth Patodia, Stallion Ventures, Undisclosed Investors, and VIC Enterprises | 2 |
7/25/2022 | Seed VC | |||||
6/27/2022 | Series B |
Date | 3/9/2023 | 2/21/2023 | 12/13/2022 | 7/25/2022 | 6/27/2022 |
|---|---|---|---|---|---|
Round | Series A - II | Series A | Series A | Seed VC | Series B |
Company | GrayQuest | Mintoak | GrayQuest | ||
Amount | $7M | $20M | $3.75M | ||
New? | No | No | Yes | ||
Co-Investors | Apurva Parekh, Astra, Crest Capital Ventures, Dharmendra Siraj, Kavita Kharbanda, Keshav Mishra, Kotta Enterprises, Nine Advisors, Pravega Ventures, Saswad Finance, Siddharth Patodia, Stallion Ventures, Undisclosed Investors, and VIC Enterprises | ||||
Sources | 4 | 17 | 2 |
Pravega Ventures Portfolio Exits
1 Portfolio Exit
Pravega Ventures has 1 portfolio exit. Their latest portfolio exit was GreyAtom on January 10, 2022.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
1/10/2022 | Acquired | 1 |
Date | 1/10/2022 |
|---|---|
Exit | Acquired |
Companies | |
Valuation | |
Acquirer | |
Sources | 1 |
Pravega Ventures Fund History
2 Fund Histories
Pravega Ventures has 2 funds, including Pravega Ventures Fund - I.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
11/27/2018 | Pravega Ventures Fund - I | $2.06M | 1 | ||
7/15/2016 | Pravega Ventures |
Closing Date | 11/27/2018 | 7/15/2016 |
|---|---|---|
Fund | Pravega Ventures Fund - I | Pravega Ventures |
Fund Type | ||
Status | ||
Amount | $2.06M | |
Sources | 1 |
Pravega Ventures Team
2 Team Members
Pravega Ventures has 2 team members, including , .
Name | Work History | Title | Status |
|---|---|---|---|
Rohit Jain | SAIF Partners, Google, Go, IBM, Zambeel, and Microsoft | Founder | Current |
Name | Rohit Jain | |
|---|---|---|
Work History | SAIF Partners, Google, Go, IBM, Zambeel, and Microsoft | |
Title | Founder | |
Status | Current |
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