Nexus Venture Plans to Invest $700 million in US and Indian Software Businesses

1.  Search here ...  Nexus Venture Plans to Invest $700 million in US and Indian Software Businesses    Home - Fund Raising - Nexus Venture Plans to Invest $700 million in US and Indian Software Businesses   Fund Raising  January 5, 2023       

2.  Quick Summary   The fundraising, which one of the sources claimed will be completed in two months, is a sign that after some high-몭ying startups’ disappointing market performance in 2022 and amid a global tech sector crash, investors may be beginning to feel more at ease with the valuations of Indian technology companies.   Present   According to two individuals with direct information, Nexus Venture Partners is in advanced discussions to establish a $700 million fund, the second- largest amount of this kind to be raised in the nation in the previous year, to invest in local and US-based technology companies.   Additionally, it would increase the amount of money accessible to businesses at a time when venture capital funding for Indian 몭rms decreased by a third to $24 billion last year, according to Venture Intelligence statistics    Global pension funds, billionaire family o몭ces, and endowment funds are a few of Nexus’ current investors. Without naming any individual investors, one of the sources claimed that endowments had responded favourably to the new fund.   The new funds, which would be the largest funds generated in India since Sequoia’s $2.85 billion fund in mid-2022, will be invested by Nexus in early fundraising rounds for Indian internet and technology businesses as well as US-based software companies, according to the sources.   As they continued, Nexus believed that investing in US software companies would help it diversify its risks and offer greater stability than high-pro몭le Indian startups, which frequently burn through billions of dollars during their development phases to achieve rapid growth and draw customers.   According to one of the individuals, Nexus is wagering that India, where internet and mobile phone usage is expanding quickly, would continue to be a long-term appealing option for investors in its new fund.   A request for comment from Mumbai-based Nexus was not met with a response. The negotiations are con몭dential, so the sources declined to give their names.  

3. During a global tech crash, investors are becoming wary of exorbitant valuations; Indian digital services 몭rms Paytm and Zomato have fallen sharply since their market debuts in 2021.   The US-based software 몭rms PubMatic Inc. and Postman, the Indian shipping company Delhivery, the online learning platform Unacademy, and Nexus all currently represent multibillion-dollar bets.   About The Company   One of the 몭rst Indian venture capital organisations to fund software entrepreneurs with operations in both India and the United States, Nexus was established in 2006. The company will handle more than $2 billion in assets after launching the new fund, which will be it’s ninth overall.   Naren Gupta, who co-founded Nexus, had owned and operated a software business in the US for 15 years before selling it to Intel. One of India’s most well-known venture investors, Gupta, passed away in 2021.   The third co-founder, former eBay India and PayPal executive Suvir Sujan, is one of the company’s current managing directors. Another co-founder, Sandeep Singhal, departed the company in 2021.   You can share this post!         Previous article Despite the record, new loan growth in the third quarter, Bajaj Finance shares fell 8% Related Articles

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8. About Indiabiz Recent Post  January 5, 2023 Nexus Venture Plans to Invest $700 million in US and Indian Software Businesses    January 5, 2023 Despite the record, new loan growth in the third quarter, Bajaj Finance shares fell 8%  January 5, 2023 Saving Consumers from Becoming Cheapskates in SBI General Insurance  Popular Categories Trending Post Campaigns Digital Media In A Seed Funding Round, Contlo Raises $3.5 Million   Fund Raising Marketing Markets Politics Startups Paytm Shares Decline By 3% As A Rs 850 Billion Repurchase Falls Short Of Investors’ Expectations  Bharat Krushi Seva Receives INR 43 Million in Startup Money from Renowned Investors 

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