The asset, which is the nine-year-old company's fourth to date, takes it to more than one billion in capital under administration — turning into the first Indian VC to achieve that breakthrough. Nexus, which has put resources into more than 60 organizations to date, said the capital will be utilized for seed and early stage bargains at the end of the day. Specifically, the firm is taking a gander at retail, money related administrations, wellbeing and instruction in the customer space, notwithstanding encouraging organizations in the undertaking space.
Nexus' past asset — its third — shut at $270 million in 2012, however now it has sloped up in accordance with expanded interest and action in India's startup space.
"We are grateful to our financial specialists that keep on support us and have faith in our speculation logic," Naren Gupta, prime supporter and overseeing chief of the firm said in an announcement. "Most altogether, the Nexus group is blessed to have excellent business people accomplice with us on their adventure to construct business sector driving organizations."
Different firms to raise new finances this year incorporate Helion Ventures, Accel, and Qualcomm. New York-based Tiger Global, the multifaceted investments that has been among the most dynamic speculators in India, shut $2.5 billion in new capital a week ago, while Japan's SoftBank has promised to spend more than $10 billion on manages India-based new companies. Sequoia, SAIF and Lightbox are among other all around financed and dynamic VC firms
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