Nexus Venture Partners

Snapdeal registered losses worth $84.7 Mn (INR 613 Cr) in FY18

Total income was recorded as $71.3 Mn (INR 514.5 Cr), down two times in comparison to FY17

Snapdeal claimed to be cash flow positive as of June 2018

With the funding, Nexus became a minority stakeholder in Goals101

The funding was completed a few months ago and was utilised to improve Goals101's technology and data science capabilities

The platform is also expanding its geographical reach to Malaysia, the UAE, Qatar, and other countries

WaterBridge Ventures is exiting with five times returns of its investment in the company

The Venture Capital firm invested $1 Mn in Unacademy in 2016

Unacademy recently raised $21 Mn from Sequoia Capital, SAIF Partners and Nexus Venture Partners

Snapdeal said new structure is optimised to enable pursuit of long-term value creation for all shareholders

In the last one year, Snapdeal has sold off Freecharge, and Unicommerce

Snapdeal had recently announced that it is cash flow positive in June 2018

myUpchar will use the funding to develop its product and technology

The app provides health information in regional languages

The startup aims to provide healthcare in remote areas that lack services

MGV, Liquid 2 Ventures, and Hack VC also participated in the Series A round along with existing investors

Observe.AI will use the funding to improve its platform offerings for its clients worldwide

Observe.AI uses deep learning and NLP to provide real-time feedback to call centre agents and guides them on the next best action during the call

Goodera had raised Series A funding of $5.5 Mn from Nexus Ventures Partners and Omidyar Network in 2017

Mumbai Angels announced its second exit from Goodera along with the funding news

Mumbai Angels had first invested in Goodera in 2015

• The SmartQ-Goodbox deal size is speculated to be $800K
• With this acquisition, SmartQ aims to increase its customer base
• Goodbox, on the other hand, wants to focus on the hyperlocal business

According To Inc42 DataLabs, Blume Ventures Was The Most Active VC Fund In The Indian Tech Startup In H1 2018

• Unacademy plans to use the funding to onboard new educators on the platform
• The Bengaluru-based edtech startup plans to explore new categories, including courses for pre-medical, GATE, and CAT
• Unacademy currently has more than 300,000 lessons, 3 Mn registered users and 14,000 educators.

• The funding was led by Nexus Venture Partners
• Claims to have achieved profitability in July with 8x revenues
• Looks to invest in technology with the latest fund raise

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