Nexus Venture Partners got $450 Million in its fourth fund, taking its total worth to more than $1 Billion. With this fund, Nexus Venture Partners have become first homegrown capital firm of India to cross $1 Billon mark. The firm has raised the amount mostly from its existing long term investors.
Previously, the capital firm had raised $100 Million in first fund back in 2007, $220 Million in second fund in 2008 and $270 Million in third fund in end of 2012. The firm will make new seed and early stage investment in tech business sectors that include healthcare and education, financial services, software and enterprise companies along with consumer retail sector with the help of the freshly raised funding. In addition to this, the firm will also use this fund to make follow-on investment.
Nexus Venture Partners was the first firm to invest in the startups that aim to take their business to global markets. The company has invested in the companies like Snapdeal, OLX, Craftsvilla, Delhivery, Shopclues, RoadRunnr, Stayzilla, Netmagic and others. The firm was started back in 2006 and since then it has invested in more than 60 companies.
Nexus Venture Partners is the second largest VC firm in India, only behind Sequoia. Some other homegrown VC firms, who have either raised or looking to raise funds, are Helion Venture Partners, Kalaari Capital, IDG Ventures India, Accel Partners India and Matrix Partners India.