Magicpin co-founder Brij Bhushan joins Prime Venture Partners as full-time partner

Brij Bhushan, co-founder and former Chief Operating Officer of the hyperlocal e-commerce platform Magicpin, has joined Prime Venture Partners as a full-time partner.

Prime Venture Partners, an early-stage venture capital firm, announced this strategic addition on Friday, highlighting Bhushan's role in the firm’s investment, portfolio management, and fundraising efforts. 

A return to venture capital

Brij Bhushan is no stranger to the venture capital world. Before co-founding Magicpin, he served as Vice President at Nexus Venture Partners, where he gained significant experience in the startup ecosystem. 

“Joining Prime Venture Partners feels like coming full circle. As a VC turned founder, I’ve realized that early-stage startups need more than just investment—they need a true team member. The Prime team, full of ex-entrepreneurs, has exemplified this over the past decade, and I resonated deeply with their culture. 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," Bhushan said.

Bhushan's role at Magicpin

During his tenure at Magicpin, Bhushan played a crucial role in the company’s rapid growth. Magicpin, which has grown to become India’s leading hyperlocal startup and the third-largest food delivery app, raised over $100 million under Bhushan's leadership.

He was instrumental in securing investments from notable firms such as Lightspeed, Zomato, and Waterbridge, which significantly boosted Magicpin’s market position.

Strengthening Prime Venture Partners’ investment team

Prime Venture Partners sees Bhushan as a valuable addition to their leadership team, bringing a combination of strategic thinking, execution excellence, and a long-term vision.

Amit Somani, Managing Partner at Prime Venture Partners, said, “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.”

Leadership Expansion and Future Plans

Alongside Bhushan’s appointment, Prime Venture Partners has also promoted Gaurav Ranjan, a long-serving member of their investment team, to Principal of Investments.

Ranjan has been with the firm for six years, contributing to the evaluation of over 2,000 startups and closely working with several early-stage companies in the firm’s portfolio.

Prime Venture Partners, led by Sanjay Swamy, Shripati Acharya, and Amit Somani, has invested in more than 50 startups over the past 12 years.

With Bhushan’s addition, the firm aims to strengthen its position in the Indian VC and tech startup ecosystem, focusing on guiding companies through the various stages of growth, from early funding rounds to potential IPOs.