Nexus Venture Partners to Raise Fifth Fund

Published By : 22 Jan 2018 | Published By : QYRESEARCH

One of the leading homegrown venture capital enterprise in India, Nexus Venture Partners, is projected to raise its 5th fund, which is targeting an amount of US$350-400 mn, says a source close to the company. The company, known for its frequent bets on the online marketplaces, such as ShopClues and Snapdeal, is anticipated to increase the share of investments in enterprises headquartered at the U.S. in the software space as a number of its bets on consumer-Internet businesses have been less than rewarding.

Although the latest move of Nexus of increasing focus on B2B startups and more defendable software mirrors the expansion of the Indian venture capital industry, it also is a classic example of how the 2014-2015 bubble has affected investors. "Nexus has settled on the size of the investment at about US$400 mn and over half of the overall amount will be spent in the U.S.," stated a source.

Until 2016, Nexus had been spending nearly one third of the overall investment in the U.S. An email query to India’s biggest venture capital enterprise did not receive a response till now. The company has nearly US$1.2 bn in assets under management and its past fundraising was US$450 mn in 2015. However, a lot has reformed since then. It has raised investments in the U.S. since last year as bets, such as home classifieds company, Housing, homestays coordinator, Stayzilla, and food delivery enterprise, Tinyowl, witnessed write-offs or a substantial value erosion.

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