Former Myntra Executive Prateek Mehta Joins South Park Commons As Partner

Prateek Mehta, a former executive at stockbroking firm Angel One and ecommerce major Myntra, has joined South Park Commons (SPC) as its founding partner for India.

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

Founded in 2015 by the first female engineer at Facebook Ruchi Sanghvi and former CTO at Dropbox Aditya Agarwal, SPC is a tech startup community and early-stage venture fund dedicated to supporting founders, technologists, researchers and builders during the -1 to 0 stage of their career, when their goal is to figure out what to work on next.

Mehta, a tech veteran, was the executive director and chief business officer at Angel One from November 2022 to April 2024.  

In 2016, he held the cofounder’s role at Scripbox, a Bengaluru based digital wealth management platform distributing mutual funds in India.

Prior to that, he was the senior vice president at Myntra from May 2014 to December 2015. 

Earlier in July, the Silicon Valley-based venture fund entered India with the launch of its first international outpost in Bengaluru in collaboration with Flipkart cofounder Binny Bansal. 

To date, SPC has launched two funds and Indian unicorns like Cure.Fit and Meesho are among its investor portfolio.

The SPC’s entry into India comes at the heart of growing Investor interest in the Indian tech startup landscape driven by the surge in smartphone adoption and affordable internet prices in recent times. 

Not to mention, India boasts over 820 Mn internet users and over $12 Bn dry powder is awaiting deployment in the startup landscape in India.