Bangalore: Venture Capitalists are now in a rush to find the next great tech company, for some the focus is on American startups and for others it is the European companies but for Nexus Venture Partners the prime focus is on Indian startups. Investing in Indian companies since 2006, it received a final closure of $270 million which is its third pick, the previous ones were $100 million and $220 million reports techcrunch.com

The supporters of this fund come basically from foundations, endowments and financial institutions IN Europe and North America, with only a slight modicum form the Asian region itself. Naren Gupta who is the co-founder of Nexus explains, “They see the Indian market as the market of the future; with backers including organizations that have done quite well in China lately and see India as 10 years behind that in term of development and investment opportunities.”

Gupta also said that the funding will be widespread following ‘Index’ model of investment which was modeled after the very famous Index Venture Partners, a firm that did well picking great European startups that have shown to have a global reach or a very strong regional play.

Nexus ventures not only focuses on dolling out money but also involves itself in cultivating and shaping the company they fund in right from business strategies to hiring. Gupta also considers the company to be in India at the moment. It focuses on early stage startups and picks up companies from a wide range-e-commerce, technology, Internet, media, consumer and business sectors which means basically all startup companies are open for consideration.