Nexus Venture Partners has closed its fourth (IV) fund at $450 million from long term Nexus investors including endowments, foundations and financial institutions across North America, Europe and Asia, who have partnered with the VC in previous funds. The VC fund says that its total capital is now over $1 billion. As of now, NVP has invested in over 60 companies since its launch in 2006 and has three previous funds: I at $100 million, announced in 2007; II at $220 million, closed in 2008 and III at $270 million in 2012. The company covers enterprise technology, consumer and business services in India and globally. It will continue to remain focused on seed and early stage companies to invest in technology (including enterprise) and data led businesses in consumer retail, financial services, healthcare and education markets. It has partnered with Craftsvilla, Olx, ShopClues, Snapdeal and Stayzilla, and tech companies like Delhivery, Netmagic, RoadRunnr and Suminter; as well as DimDim, Unicommerce and WhatsOnIndia. It cites Druva, Gluster, HelpShift, Pubmatic and Scalearc as partner companies which were conceived in India through its funds. Nexus’ investments this year: – In July, Lybrate raised $10.2 million in a series A round of funding from Tiger Global Management, Ratan Tata and existing investor Nexus Venture Partners. – In June, Seattle based Indix raised Series B funding worth $15 million from Nokia Growth Partners and existing investors Nexus Venture Partners and Avalon Ventures. – In the same month, Arkin Net raised $15 million in a Series B…
- How Do India’s Growing Verification Mandates Impact Companies and Industries? #NAMA March 29, 2023
- Why is a scammer the best fintech founder in the world? #NAMA March 29, 2023
- Calcutta HC directs social media platforms to block YouTuber Dhruv Rathee’s video on packaged fruit juice March 29, 2023
- Do marginalized groups support online anonymity? #NAMA March 29, 2023
- MediaNama Daily: On the future of anonymity and privacy in India March 29, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
In the case of the ‘deemed consent' provision in the draft data protection law, brevity comes at the cost of clarity and user protection
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...