India-based venture firm Nexus Venture Partners has raised over $450 million for its fourth fund. Nexus Ventures IV’s limited partners include endowments, foundations and financial institutions in North America, Europe and Asia. The fund will focus on early-stage tech and data companies that are disrupting the consumer retail, financial services, healthcare and education sectors.
Mumbai, December 08, 2015: Nexus Venture Partners, India’s leading venture capital fund, announced the closing of Nexus Ventures IV Ltd with committed capital of over $450 million. Most of the Nexus IV capital commitment came from long-term Nexus investors who partnered with them in previous funds. This brings total capital under management to over $1 billion.
Nexus works with visionary entrepreneurs building market leading companies serving Indian or global markets. Nexus investments cover a broad range of enterprise technology, consumer and business services.
Nexus remains focused on seed and early stage companies and will invest in technology and data led businesses that are disrupting consumer retail, financial services, healthcare, and education markets, and in enterprise technologies that are enhancing productivity and lowering time to market.
Leading India consumer services leaders that have teamed with Nexus include Craftsvilla, OLX, ShopClues, Snapdeal and Stayzilla. Companies leveraging technology to provide superior business services include Delhivery, Netmagic, RoadRunnr and Suminter. DimDim, Unicommerce and WhatsOnIndia represent technology companies formed in India to serve the Indian market.
Nexus was the first fund to work with Indian technology start-ups that plan to address global markets. Druva, Gluster, HelpShift, Pubmatic and Scalearc are Nexus partner companies that were conceived in India and are now global leaders.
Naren Gupta, Co-Founder & MD, Nexus Venture Partners, said, “We are thankful to our investors that continue to back us and believe in our investment philosophy. Most significantly, the Nexus team is fortunate to have exceptional entrepreneurs partner with us on their journey to build market leading companies.”
Nexus Venture Partners began operations in 2006 and has invested in over 60 companies since inception. Its primary goal is to back passionate entrepreneurs with capital and operating experience. Several of the portfolio companies are market leaders and have shown robust growth.
Nexus Venture Partners has three earlier funds – Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid 2008 and Fund III ($270mn) in end of 2012.
The fund investors include endowments, foundations, and financial institutions across North America, Europe and Asia.
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India’s leading venture capital fund, with offices in India and Silicon Valley. Nexus team consists of entrepreneurs who have founded and scaled large global companies. The team has invested in a variety of companies leading to numerous successful public offerings and M&A transactions. It has over $1bn under management with an active portfolio of over 60 companies across Technology, Internet, Consumer, and Business Services sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses.
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