Prateek Suri

Prateek Suri’s Maser Group is a diversified conglomerate that operates large-scale businesses in the Middle East, Asia, Latin America, and Africa.

His journey from humble beginnings in India to the founder of a multi-million dollar company is a testament to his entrepreneurial prowess and unwavering dedication to innovation. The serial entrepreneur is revolutionising the African consumer electronics market under the brand name Maser and is expanding his influence through the creation of MDR Investment, a venture capital arm of Maser Group.

Under his leadership, Maser achieved record-breaking gadget sales and surpassed $1bn in revenue in Africa in 2023. With a valuation exceeding $5bn, the company solidified its status as a giant in the consumer electronics industry. The company’s milestone achievement earned it the title of Africa’s 7th unicorn, a testament to Suri’s ability to deliver high-quality, affordable electronics that have transformed the lives of millions of Africans.

TAPPING INVESTMENTS IN AFRICA

Building on the success of the Maser Group, Suri founded MDR Investment with a group of other investors, with an initial fund size of $500m.

The venture capital and private equity firm focuses on large-scale projects, including mining, infrastructure, shipping, construction, and artificial intelligence. MDR Investment also plans to invest in mergers and acquisitions across Africa, further bolstering its strategic influence in the region. Suri’s success with his technology unicorn inspired him to focus on the development of Africa, a continent instrumental in his rise and close to his heart.

Recognising the potential for growth and transformation, he has engaged in significant collaborations with global investors to develop infrastructure projects and supply essential materials to African governments, addressing critical issues across several countries. The electronics tycoon’s diversification strategy is expected to contribute meaningfully to the continent’s progress.

By actively participating in government tender systems to supply high-quality goods and services, Suri is demonstrating his commitment and credibility.

THE NEXT FRONTIER IN INVESTMENT

Suri’s MDR Investment is exploring how AI can reshape global economic fortunes by unlocking growth and transforming both private and public sectors. His foresight and strategic thinking have positioned the company at the forefront of technological advancements, particularly in integrating AI technologies into business operations and public services.

MDR Investment is poised to become one of the largest investors in AI-driven development projects in Africa, mainly through government collaborations.

The company’s focus is on how AI is revolutionising industries. Suri’s vision is to identify and invest in companies that are building the future. His venture firm leverages its investments and forges relationships with prominent tech hubs and prestigious research institutions to identify promising AI-first startups for future investments. Together with his co-investors, Suri is committed to partnering with entrepreneurs to create the digital infrastructure that will support the proliferation of genetic engineering across different industries, ranging from agriculture to medicine.

Generative AI promises immense promise in enabling exciting new opportunities and value migration in the enterprise application ecosystem, and Suri is keen on supporting winning ideas. His belief in the transformative power of AI is reflected in his dedication to creating a future where technology serves humanity’s best interests, drives growth, and improves lives.

Beyond his business acumen, Suri is dedicated to giving back to society. He actively supports various philanthropic initiatives, with a focus on education and healthcare. With Maser Group continuing its global expansion, Suri’s leadership and innovative spirit will undoubtedly propel the company to even greater heights.