Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors

SUMMARY

Nexus Is Inclined To Increase The Share Of Investments In US Based Software Companies

One of India’s leading homegrown VC company, Nexus Venture Partners is taking quick steps to close its fifth fund worth $450 Mn. As per SEC filings, so far Nexus has raised $313 Mn from 29 investors.

Earlier in January 2018, the media reports surfaced that the company is looking to raise $350 Mn- $400 Mn, to increase its share of investments in the US-based software companies.

Currently, Nexus has about $1.2 Bn in assets under management, with its fourth fundraise of $450 Mn concluded in 2015.

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors

Nexus has been active in the Indian market since 2006 and has made a number of bets in the local consumer internet space. However, with the growing losses, write-offs, and consolidations at a lower valuation, many major bets proved to be a disappointment.

This includes the likes of  Snapdeal, Shopclues, Housing ( now merged with PropTiger), Stayzilla (stuck in the midst of insolvency proceedings) and Tinyowl (acquired by Runnr which in turn was acquired by Zomato).

Last year, the company was hard hit after the SoftBank orchestrated a merger between Flipkart and Snapdeal did not transpire, as it had passed up several opportunities to take an exit from Snapdeal.

However, its investments in logistics and cloud data management companies like Druva, Helpshift, and Delhivery amongst others have been doing well.

In all, Nexus Venture Partners has invested in about 88 startups focusing on consumer retail, business services, healthcare, education and enterprise technology from its four funds.

Although the fifth fund is focussed on the US-based software companies, will any of the local tech startup be able to gain Nexus Venture Partner’s interest here, will be interesting to watch.

[The development was reported by ET.]

You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors-Inc42 Media
Nexus Raises $313 Mn For Its $450 Mn Investment Fund From 29 Investors-Inc42 Media
You’re in Good company