The Smart Techie was renamed Siliconindia India Edition starting Feb 2012 to continue the nearly two decade track record of excellence of our US edition.

October - 2012 - issue > Venture Beat

Nexus Venture Partners Closes Rs.1431 Crore Fund III

SI Team
Monday, October 1, 2012
SI Team
Nexus Venture Partners, a venture capital fund, closed one of its third funds with committed capital of about Rs.1431 crore. The fund investors include endowments, foundations, and financial institutions across North America, Europe and Asia. The fund closed about six months back.

This funding will allow Nexus Venture Partners to continue to work with passionate entrepreneurs who plan to build large market leaders serving Indian or global markets as well as support existing partner companies. The Nexus team will maintain its focus on early stage companies and will continue to invest in disruptive opportunities across technology, Internet, media, consumer and business services sectors.

"We are very grateful to our investors for their continued commitment to the Nexus team and for endorsing our "entrepreneurs' first" investment philosophy. All major investors in prior funds participated in Nexus III. India has the talent to build leading global companies. We want to play a role in creating an India-based ecosystem where passionate entrepreneurs can realize their dreams," said Naren Gupta, Co-Founder, Nexus Venture Partners.

Nexus Venture Partners was launched in 2006 with the primary goal of providing capital to exceptional Indian entrepreneurs and sharing company-building expertise with them. Nexus has invested in over 40 companies since inception. Several of the companies have become market leaders and many are experiencing exceptional growth. Over the last two years, several Nexus partner companies have decided to merge with large entities through attractive acquisitions.
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