magicpin Co-founder Brij Bhushan joins Prime Ventures as full-time partner
Brij Bhushan | Image credit: X
Hyperlocal e-commerce firm magicpin Co-Founder and former chief operating officer Brij Bhushan has joined Prime Venture Partners as a full-time partner, the early-stage venture capital firm said on Friday.
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 VP said in a statement.
“Brij Bhushan brings a unique combination of strategic thinking, execution excellence, and a long-term mindset essential for company building. We believe he is a perfect addition to our leadership team,” Prime Venture Partners (Prime VP), Managing Partner, Amit Somani said.
Bhushan co-founded magicpin where he was instrumental in magicpin’s growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge.
An alumnus of IIM Bangalore, Bhushan previously worked in venture capital as Vice President at Nexus Venture Partners before co-founding magicpin. He has also worked with Bain & Co.
“Joining Prime Venture Partners feels like coming full circle. As a VC turned founder, I have realised 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 return to VC, where I can help founders navigate their journeys,” Bhushan said.
An IIM Calcutta alumnus, Ranjan has been with Prime VP for six years.
He has sourced and, co-evaluated more than 2,000 startups, and worked closely with over a dozen of Prime’s early-stage startups, including Gallabox, OTO, Capital, Poshn and HitWicket, across sectors such as FinTech, SaaS, and Gaming, the statement said.
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First Published: Aug 23 2024 | 12:05 PM IST