SMEpost

Nexus has raised $450 million

Nexus Venture Partners has announced to close its fourth round of funding of over $450 million, making its total capital under management in eight years to over $1 billion.

According to Naren Gupta, Co-founder and MD, Nexus Venture Partners.“We are thankful to our investors that continue to back us and believe in our investment philosophy. Most significantly, the Nexus team is fortunate to have exceptional entrepreneurs partner with us on their journey to build market leading companies.”

Nexus invests in both seed and early stage companies that claim to disrupt consumer retail, financial services, healthcare, etc.

Even though funding in Series A and B stage has squeezed in terms of size and investors are getting cautious, early and late stage stable companies are still able to attract VC money.

According to Ashish Fafadia, CFO, Blume Ventures “Everyone including LPs want to invest in a hot company, but they are already invested by more than two or three VCs. To grab a share of these highly sought after companies LPs invest in these investment firms which is a win-win situation for both. This is one of the reasons why India focused VC firms have been able to raise money in the last 24-30 months.”

Source : The Financial Express