Nexus Venture Partners Intends To Raise $700 Fund: Report

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According to media reports, India’s Nexus Venture Partners is in talks to raise a $700 million fund, the country’s second-largest such pool in the last year, to invest in domestic and U.S.-based technology firms.

The planned fund raising will be completed within two months, indicates that investors may be becoming more comfortable with Indian technology company valuations following the poor market performance of some high-flying startups in 2022 and amid a global tech sector rout.

Nexus’ current investments include Indian logistics firm Delhivery, online education firm Unacademy, and US-based software companies PubMatic Inc and Postman, all of which have been valued in the billions of dollars.

Naren Gupta co-founded Nexus after running a software company in the United States for 15 years before selling it to Intel. Gupta, a well-known venture capitalist in India, died in 2021.

Sandeep Singhal, another co-founder, left the company in 2021, while Suvir Sujan, a former eBay India and PayPal executive, is one of the company’s current managing directors.



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