Prashant Raj made his debut in Ram Gopal Varma's remake of Ramesh Sippy's Sholay: Ram Gopal Varma Ki Aag.
His second film Toss is out August 28, 2009. It is also the debut vehicle for Roadies' Rannvijay Singh and co-stars Aarti Chhabria and Ashmit Patel
In Aag, he played the role of Raj, originally played by Amitabh Bachchan as Jai. The original name of the film was Ram Gopal Varma Ke Sholay, however, due to copyright concerns, the name had to be changed.
He has also been, with model Sahil Shroff, the only Indian team on the AXN Network's The Amazing Race Asia reality/adventure TV show.
He did his schooling from Bombay Scottish School, Mumbai and Delhi Public School, R.K. Puram, New Delhi. He completed his graduation from Sri Venkateswara College, University of Delhi.
His first ad campaign was for Benzer. He also worked in Event Management with Percept D'Mark (PDM India).