Nexus India Capital, India’s leading early stage fund today announced the closure of Nexus India Capital II, L.P., a $ 220 million fund which will invest in early stage companies with significant market opportunity or delivery presence in India. The fund will focus on domestic consumer and business services, technology, media and cleantech, investing up to 10 million dollars per company.
The Fund was raised in turbulent market conditions and was significantly oversubscribed. The Fund’s investors include leading endowments, foundations, sovereign wealth funds and other institutions from North America, Europe and Asia.
Commenting on the occasion, Mr. Naren Gupta Managing Director of Nexus India Capital said, “We are delighted to have received such overwhelming support for Nexus, which underscores the attractiveness of the investment opportunity and the expertise of our investment team. The closure of the Fund during the global market meltdown represents a major endorsement of our track record in spotting winners in early stage investments and Investing behind six-sigma entrepreneurs who are creating market leaders”.
Nexus is founded by CEOs of successful high growth global companies – Naren Gupta, Sandeep Singhal and Suvir Sujan. Apart from the founders, the Nexus team includes experienced professionals who support passionate entrepreneurs in building companies that are market leaders.
Nexus typically invests in 6-8 companies each year and works with them to add value as needed. While the amount of Nexus involvement in a company depends on the stage of the company and the need of the entrepreneur, support is typically in the form of recruiting senior talent, strategy formulation, making introductions for business development, and guidance for future financings.
Started in 2006, Nexus has invested in thirteen companies from its previous $100M fund. Investments include Netmagic Solutions, India’s leading carrier neutral managed services provider, Komli, India’s leading online advertising network, Suminter India Organics, a leader in organic food and cotton processing, and CE Infosystems that provides navigable maps for India under the MapmyIndia brand.
Nexus provides global support to its companies with offices in Menlo Park, California and advisory offices in Mumbai, India.