Prem is the founder and Managing Partner of Pontaq, a UK-India Venture capital fund, head quartered in the UK to cross pollinate tech transfer between UK and India. Pontaq is the first UK-India VC fund in history and since inception, the firm has expanded its operations into India and UK with its six general partners spread across all the three regions.
Prem has led the creation of underlying infrastructure in order to add value to the portfolio firms, globally. To name a few:
Partnerships with many private organizations and specifically 4 state governments in India, namely Haryana, Gujarat, West Bengal and Tamil Nadu to promote innovation exchange
Partnership with STPI, across India, to foster innovation from Tier 1 to Tier 4.
Establishment of the first ever UK India Tech Hub in UK, in partnership with a £1.7B business district, based out of London
Prem also sits on the national selection committee of start-ups of STPI, under MEITY to identify and invest into promising Indian Technology companies and is also an advisor to the UK-India Fintech exchange programme under Dept of International Trade of UK. Prem is recognised as one of the 40 under 40 leaders in the UK-India-EU corridor and one of the top 100 Asians in Tech in UK
Under Prem’s leadership, Pontaq has recently
Set up its debut fund in India to invest into and subsequently globalise Indian Technology companies; and
Established a partnership with Andhra Pradesh Med Tech Zone to invest into and fuel affordable care for India and the rest of the world
It is also to be noted that Pontaq was earlier recognised by the former Prime Minister of UK, Theresa May for the firms work in the UK-India space.