Prateek Mehta Joins South Park Commons as Partner

Mehta, a technology industry veteran, served as executive director and chief business officer of Angel One from November 2022 to April 2024.

In 2016, he served as co-founder at Scripbox, a Bengaluru-based digital wealth management platform that distributes mutual funds in India

In early July, the Silicon Valley-based venture capital fund entered India, opening its first international office in Bengaluru in partnership with Flipkart co-founder Binny Bansal

Prateek Mehta, former director of brokerage firm Angel One and leading e-commerce services provider Myntra, has joined South Park Commons (SPC) as a founding partner in India.

Mehta made the announcement yesterday (September 24) on LinkedIn. “So as I embark on my next adventure, I want to help other founders/creators impact the world in profound ways. The potential that the Indian creator ecosystem offers is limitless. I’ve spent the last 15+ years building alongside some of you. I’ve watched the incredible journeys, 0->1 and beyond, of Indian founders and the creation of amazing companies.”

Founded in 2015 by Facebook’s first female engineer Ruchi Sanghvi and former Dropbox CTO Aditya Agarwal, SPC is an early-stage technology startup community and venture capital fund dedicated to supporting founders, technologists, researchers, and creators from -1 to 0 as they figure out what they want to work on next.

Mehta, a technology industry veteran, served as executive director and chief business officer of Angel One from November 2022 to April 2024.

In 2016, he served as co-founder of Scripbox, a retail and wholesale company. Based in Bangalore digital asset management platform distribution of mutual funds in India.

Earlier, he served as Senior Vice President at Myntra from May 2014 to December 2015.

In early July, the Silicon Valley-based company the fund entered India with the opening of its first international location in Bengaluru in partnership with Flipkart co-founder Binny Bansal.

SPC has so far launched two funds and its investors include Indian unicorns such as Cure.Fit and Meesho.

SPC’s entry into the Indian market comes amid growing investor interest in the Indian tech startup sector, fueled by the rise in smartphone popularity and affordable internet prices in recent years.

Not to mention, India boasts of over 820 million internet users and over $12 billion in capital waiting to be invested in the Indian startup sector.