HomeBusiness NewsStartup NewsPrime Securities launches Springboard initiative to propel startups towards IPOs and M&As
Prime Securities, one of India’s leading financial institutions is aiming to bridge the gap between startups and the big leagues. Helping Indian companies scale, raise capital, and position themselves for IPOs or strategic M&As – one of Prime Securities flagship initiatives – Springboard is set to showcase 25 startups in Mumbai. And that’s not all – Prime Securities is also launching Prime Trigen Wealth, an innovative wealth management arm designed to help ultra-HNIs and family offices through the future of wealth.
By Shruti Mishra April 28, 2025, 11: 47: 39 PM IST (Published)
Prime Securities, a leading financial institution in India, is taking a hands-on approach to helping startups scale and succeed through its flagship initiative, Springboard.
The platform, which will showcase 25 startups this year, is the result of four years of nurturing, funding, and guiding companies that were previously operating in stealth mode.
In an interview to CNBC-TV18, N Jayakumar, MD and Group CEO of Prime Securities, explained that Springboard is not just about showcasing startups but also about demonstrating the company’s commitment. “We are investors, we are bankers, and we’re getting them IPO-ready,” he said. Prime Securities has reinvested its own fees and compensation back into these startups, ensuring that the company’s interests are directly aligned with their growth.
Springboard distinguishes itself from other startup showcases by focusing on diverse sectors such as consumer goods, edtech, cleantech, and distribution. Jayakumar emphasised that Prime Securities doesn’t just raise equity capital but works closely with its partner companies, preparing them for future M&As and IPOs. “We’re gearing up to get them M&A/consolidation/IPO-ready over the next two to three years,” he added. The long-term nature of this partnership means that Prime Securities has an association with many of these companies for between three to five years, if not seven to eight.
The path to IPOs and M&As requires careful preparation, and Jayakumar believes that startups must get several key elements right early on. These include maintaining proper accounts, having a CFO, and building strong boards. He also pointed out that the companies Prime supports are mostly funded by High Net-Worth Individuals (HNIs) and family offices. These investors, unlike institutional investors, are more patient and flexible, understanding that the growth journey of startups is rarely linear. “They are not looking at down rounds and up rounds. They see things going up and down much the same way that life is,” Jayakumar noted.
In addition to its focus on startups, Prim