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Nexus India Capital closes $220 Mn fund
By siliconindia
Bangalore: Nexus India Capital, one of the early stage fund in India announced the closure of Nexus India Capital II, L.P., a $ 220 million fund that the firm will invest in early stage companies with significant market opportunity in India. The fund will focus on domestic consumer and business services, technology, media and clean-tech, investing up to 10 million dollars per company.
The fund was raised in turbulent market conditions and was significantly oversubscribed. The Fund's investors include leading endowments, foundations, sovereign wealth funds and other institutions from North America, Europe and Asia.
Commenting on the occasion, Naren Gupta, Managing Director, Nexus India Capital said, "This support for Nexus underscores the attractiveness of the investment opportunity. The closure of the fund during the global market meltdown represents a major endorsement of our track record in spotting winners in early stage investments and investing behind six-sigma entrepreneurs who are creating market leaders".
Founded in 2006 by CEOs of successful high growth global companies � Naren Gupta, Sandeep Singhal and Suvir Sujan, Nexus has so far invested in thirteen companies from its previous $100M fund. The companies include Netmagic Solutions, Komli, Suminter India Organics, and CE Infosystems.