Prashanth Prakash

Last updated
Prashanth Prakash
NationalityIndian
Occupation(s) Venture Capitalist, entrepreneur
SpouseAmitha Prashanth
Awards Padma Shri 2025

Prashanth Prakash is an Indian Venture Capitalist, entrepreneur and philanthropist based in Bengaluru. He is the founding partner of Accel India. [1] [2] He received Padma Shri in 2025 from the Government of India for his contribution to Trade & Industry. [3] He is also the chairman of the Vision Group for Startups for the Government of Karnataka. [4] [5] [6] [7]

Contents

Career

In 1995, Prashanth Prakash founded Visual Reality, one of India’s first animation companies. In 1997 he founded NetKraft, an offshore solutions company focusing on retail and healthcare verticals. [8]

Since 2004, he has played a key role as a Venture Capitalist in nurturing Karnataka and India's start-up landscape. [7] [9]

In 2008, Prashanth Prakash along with Subrata Mitra founded the Indian arm of the US venture capital firm Accel. [10] [11]

In 2021, he was appointed as an advisor to 13th Chief Minister of Karnataka Sri B. S. Yediyurappa. [12] [13]

As a partner at Accel, Prashanth Prakash has played a vital role in shaping up renowned Indian startups such as Flipkart, Ola, Freshworks, Bookmyshow, Swiggy & Bounce amongst many others. [14] [15] [16]

He was one of the jury members of Economic Times Startup Awards. [17] [18]

In October 2024, Prashanth Prakash became the joint owner of the Bengaluru franchise team in the second season of the Global e-Cricket Premier League (GEPL). [19]

Philanthropy

Prashanth Prakash is the chairman of United Way of Bengaluru and UnboxingBLR Foundation. Under these organizations he curates, facilitates, and promotes activities for communities and schools. [20] [21] [22]

He started working with Sikshana, an educational non-profit started by Ramamurthy. The organization was working with 10 public schools in villages outside of Bangalore. As a chairperson and trustee, Prashanth Prakash helped them gradually expand their work from 10 to 100 schools. [23] [24]

He has collaborated with government schools and anganwadis, emphasizing education for girls. His work has influenced 50,000 schools and 3 million people in India. [25]

Bibliography

Prashanth Prakash has co-authored a book titled "Unboxing Bengaluru - The City of New Beginnings". [26] It was launched by the 22nd Chief Minister of Karnataka, Sri Siddaramaiah. [27]

Awards & honors

Related Research Articles

<span class="mw-page-title-main">Karnataka</span> State in southern India

Karnataka is a state in the southwestern region of India. It was formed as Mysore State on 1 November 1956, with the passage of the States Reorganisation Act, and renamed Karnataka in 1973. The state is bordered by the Lakshadweep Sea to the west, Goa to the northwest, Maharashtra to the north, Telangana to the northeast, Andhra Pradesh to the east, Tamil Nadu to the southeast, and Kerala to the southwest. With 61,130,704 inhabitants at the 2011 census, Karnataka is the eighth-largest state by population, comprising 31 districts. With 15,257,000 residents, the state capital Bengaluru is the largest city of Karnataka.

<span class="mw-page-title-main">N. R. Narayana Murthy</span> Indian businessman (born 1946)

Nagavara Ramarao Narayana Murthy is an Indian billionaire businessman. He is one of the seven co-founders of Infosys, and was the chairman, chief executive officer (CEO), president, and chief mentor of the company before retiring and becoming chairman emeritus. As of January 2025, his net worth was estimated at US$5.0 billion, according to Forbes. Murthy is the father-in-law of Rishi Sunak, who was Prime Minister of the United Kingdom from 2022 to 2024.

<span class="mw-page-title-main">Economy of Bengaluru</span> Big network of Karnataka

Bengaluru, the capital city of the South Indian state of Karnataka, India. The economy of Bengaluru contributes over 43.65% to the economy of the State of Karnataka, accounting for 98% of the Software Exports of the State.

<span class="mw-page-title-main">National Mineral Development Corporation</span> Indian public sector mining company

NMDC Limited, formerly National Mineral Development Corporation, is an Indian public sector undertaking involved in the exploration of iron ore, rock, gypsum, magnesite, diamond, tin, tungsten, graphite, coal etc. It is India's largest iron ore producer and exporter, producing more than 45 million tonnes of iron ore from three mechanized mines in Chhattisgarh and Karnataka. It also operates the only mechanized diamond mine in the country at Panna in Madhya Pradesh.

<span class="mw-page-title-main">Devi Shetty</span> Indian Cardiac surgeon

Devi Prasad Shetty is an Indian cardiac surgeon who is the chairman and founder of Narayana Health, a chain of 24 medical centers in India. He has performed more than 100,000 heart operations. In 2004 he was awarded the Padma Shri, the fourth highest civilian award, followed by the Padma Bhushan in 2012, the third highest civilian award by the Government of India for his contribution to the field of affordable healthcare.

<span class="mw-page-title-main">K. V. Kamath</span> Indian banker

Kundapur Vaman Kamath is the current Independent Director and Non-Executive Chairman of Jio Financial Services and the former chief of the New Development Bank of BRICS countries, previously he has also served as the Chairman of Infosys Limited, the second-largest Indian IT services company, and as the Non-Executive Chairman of ICICI Bank. Kamath also served as ICICI Bank's founder and Managing Director and CEO from 1 May 1996 until his retirement from executive responsibilities on 30 April 2009.

<span class="mw-page-title-main">Kris Gopalakrishnan</span> Indian billionaire

Senapathy “Kris” Gopalakrishnan is an Indian businessman and the chairman of Axilor Ventures, a startup accelerator. He is one of the co-founders of Infosys, having served as its CEO and managing director from 2007 to 2011 and vice chairman from 2011 to 2014.

Accel, formerly known as Accel Partners, is a global venture capital firm. Accel works with startups in seed, early and growth-stage investments. The company has offices in Palo Alto, California and San Francisco, California, with additional operating funds in London, and India.

<span class="mw-page-title-main">Sajjan Jindal</span> Indian billionaire businessman (born 1959)

Sajjan Jindal is an Indian billionaire businessman. He is the chairman and managing director of JSW Group of companies; diversified in steel, mining, energy, sports, infrastructure and, software business.

<span class="mw-page-title-main">Jim Breyer</span> American venture capitalist (born 1961)

James W. Breyer is an American venture capitalist, founder and chief executive officer of Breyer Capital, an investment and venture philanthropy firm, and a former managing partner at Accel Partners, a venture capital firm. Breyer has invested in over 40 companies that have gone public or completed a merger, with some of these investments, including Facebook, earning over 100 times cost and many others over 25 times cost. On the Forbes 2021 list of the 400 richest Americans, he was ranked #389, with a net worth of US$2.9 billion.

<span class="mw-page-title-main">JSW Group</span> Indian multinational conglomerate

JSW Group is an Indian multinational conglomerate, based in Mumbai. It is led by Sajjan Jindal and founded by Om Prakash Jindal. The group's diverse businesses include steel, energy, infrastructure, cement, automotive and paints, across India, the United States, South America, and Africa.

<span class="mw-page-title-main">DMart</span> Indian retail chain of hypermarkets

Avenue Supermarts Limited, d/b/a DMart, is an Indian retail corporation that operates a chain of supermarkets and hypermarkets. The company was founded by Radhakishan Damani and is based in Mumbai. As of September 2024, DMart has 381 stores across 12 states and union territories in India.

<span class="mw-page-title-main">Sachin Bansal</span> Indian entrepreneur

Sachin Bansal is an Indian entrepreneur. He is best known as the founder of Flipkart During his over 11 year career at Flipkart, Bansal was CEO and chairman. In 2018, Bansal exited Flipkart following the Walmart deal.

<span class="mw-page-title-main">Parth Jindal</span> Indian businessman (born 1990)

Parth Jindal is an Indian businessman and scion of JSW Group.

Craftsvilla is an Indian e-commerce portal that sells ethnic apparel, footwear, fashion accessories, beauty products, handcrafted home accessories and other ethnic fashion and lifestyle products. The company is headquartered in Mumbai, Maharashtra.

ANSR is a global consulting company that focuses on establishing Global Capability Centers (GCCs). The company provides advisory, talent acquisition, workspace design and management, and business operations support. According to a media report, ANSR has helped establish 135 GCCs with around $2 billion in investments.

Swiggy is an Indian online food ordering and delivery company. Founded in 2014, Swiggy is headquartered in Bangalore and operates in more than 580 Indian cities, as of July 2023. Besides food delivery, the platform also provides quick commerce services under the name Swiggy Instamart, and same-day package deliveries with Swiggy Genie.

Ultrahuman is a Bengaluru based longevity and health-monitoring platform that designs, manufactures and sells the Ultrahuman Ring Air health tracker, Ultrahuman M1 Continuous glucose monitor, pre-release Ultrahuman Home health monitor and related blood testing services like Blood vision. Ultrahuman was incorporated in 2019 by second time entrepreneurs Mohit Kumar and Vatsal Singhal. Mohit and Vatsal also co-founded RoadRunnr in the year 2015. RoadRunnr later merged with Zomato and eventually became Zomato Food delivery. Zomato went public at $15bn in market value in 2021.

<span class="mw-page-title-main">Nikhil Kamath</span> Indian businessman

Nikhil Kamath is an Indian entrepreneur and investor. He is the co-founder of Zerodha, a retail stockbroker, and True Beacon, an asset management company. Kamath is a part of the 2024 Forbes World Billionaires List with a net worth of $3.1 billion. He, along with his brother Nithin, is also part of Forbes' list of India’s 100 Richest for 2024.

Ditto Insurance is a corporate insurance agent headquartered in Bengaluru, India. Founded in January 2021, the company received its license from the Insurance Regulatory and Development Authority of India (IRDAI) in December 2020.

References

  1. ↑ "Committee with stakeholders and officials will draw up a roadmap for the Bengaluru in six months: D.K. Shivakumar". The Hindu. 17 June 2023.
  2. ↑ "Prashanth Prakash: Master Mentor". Mint (newspaper) .
  3. 1 2 "Padma Awards 2025" (PDF). www.padmaawards.gov.in. MINISTRY OF HOME AFFAIRS.
  4. ↑ "National Startup Advisory Council reconstituted; non-official members nominated". pib.gov.in. Retrieved 2024-01-19.
  5. ↑ "From Nikhil Kamath to Prashanth Prakash: Key Highlights from EdelGive Hurun India Philanthropy List 2023". Business Today. 2 November 2023.
  6. ↑ "Invest in new ideas, not flavour of the season, says Accel's Prashanth Prakash". Mint (newspaper) .
  7. 1 2 "'Team, practicality of business plan are what we look at, not spreadsheets'". BusinessLine. 10 June 2012.
  8. ↑ "Prashanth Prakash: A Pioneering Venture Capitalist Transforming India's Startup Landscape". Bru Times News.
  9. ↑ "GenAI, climate & fintech, hot bets for investors next year: Accel's Prakash". Business Standard.
  10. ↑ "Accel's India story". Mint.
  11. ↑ "Manufacturing-focussed startups got $8 billion in investments over 7 years: Prashanth Prakash". The Economic Times. 2023-10-12. ISSN   0013-0389 . Retrieved 2024-02-26.
  12. ↑ "Accel partner Prashanth Prakash to advise Karnataka CM on strategy, planning". VCCircle.
  13. ↑ "Accel's Prashanth Prakash appointed advisor to Karnataka Chief Minister BS Yeddiyurappa". Moneycontrol.
  14. ↑ "The Accel effect". www.fortuneindia.com. 2018-07-12. Retrieved 2024-01-16.
  15. ↑ Prakash, Prashanth (2023-12-31). "Innovation, sustainability to fuel transformative phase: Accel's Prashanth Prakash". The Economic Times. ISSN   0013-0389 . Retrieved 2024-02-26.
  16. ↑ "Of 100 Indian unicorns, 25 will go IPO in the next 3-5 years: Accel's Prashanth Prakash". Business Today. 2022-11-16. Retrieved 2024-02-26.
  17. ↑ "ET Times Startup Awards 2017 Business Photo Prashanth P..." Times Of India.
  18. ↑ "The Jury – The Economic Times Startup Awards 2024". Etstartupawards.com.
  19. ↑ "Nikhil Kamath, Ankit Nagori and Prashanth Prakash now Bengaluru franchise owners of e-cricket league". The Economic Times. 21 October 2024.
  20. ↑ "Board of Directors". United Way Bengaluru.
  21. ↑ Callie (2019-01-10). "Accel -Lessons For Social Change". Innovations of the World. Retrieved 2024-01-16.
  22. ↑ Muyiwa, Joshua (2023-12-08). "Bengaluru is flexing its cultural muscle". The Hindu. ISSN   0971-751X . Retrieved 2024-01-16.
  23. ↑ "Philanthropy with Purpose: An Inspiring Vision for India's Future". Thephilanthropist.org. Retrieved 2024-02-26.
  24. ↑ "Sikshana Foundation | Board Members". sikshana.org.
  25. ↑ "Prashanth Prakash honored with 'India CSR Impact Leader Award' - India CSR". 2021-01-18. Retrieved 2024-02-26.
  26. ↑ Jasline, Cheryl (2023-12-02). "'Bengaluru is a city that offers different types of Bengaluru, all coexisting'". The Hindu. Retrieved 2024-01-16.
  27. ↑ "Karnataka announces 10-day Unboxing Bengaluru Habba festival to showcase best of state capital". The Indian Express. 16 November 2023.
  28. ↑ "Padma Awards Winners 2025 Full List". Bru Times News.
  29. ↑ "ASSOCHAM honors Prashanth Prakash as Social Impact Leader 2021 - India CSR". 2022-02-25. Retrieved 2024-02-26.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.