Nexus Venture Partners has been awarded ‘Best Venture Capital Investor – 2012’ at the Venture Intelligence Apex ’13 Awards. The fund awardees are chosen by a Jury Panel consisting exclusively of Limited Partners.
Receiving the “Best Venture Capital Investor” Award on behalf of Nexus Ventures – a second time for the firm – Sandeep Singhal, Co-founder & MD, Nexus Venture Partners, said “This award belongs to the many exceptional entrepreneurs who partner with us as Nexus embarks on a journey to make India one of the most innovative economies. We salute the commitment and exceptional effort of these teams, who overcome tough challenges to emerge winners. Many of the companies are on paths to create multi-billion dollar enterprises. It is truly a joy to see our companies go from mere ideas to platforms that are changing India and the world. The Nexus team is indebted to all our partners – the entrepreneurs, our funding partners, accounting and legal experts and the larger community of government and business leaders”. During 2012, Nexus had sold its stake in data center firm Netmagic (to Japan’s NTT) and also closed its third fund with committed capital of about $270 million. The year also saw five of its portfolio companies – US-headquartered Pubmatic, Aryaka Networks and Kaltura and the India-headquartered Bigshoebazaar.com and Sohan Lal Commodity Management – raise significant follow-on investments led by new investors. Nexus also continued to remain among the most VC investors in India investing in six new companies during 2012.
The awards were given away as part of the Venture Intelligence “Awards for Private Equity Excellence” (APEX) at APEX’13, the annual conclave of the Indian Private Equity & Venture Capital industry, by Dr.Subir Gokarn, Noted Economist & Former Deputy Governor, Reserve Bank of India and Mr. Ashish Chauhan, CEO, Bombay Stock Exchange. The fund awardees are chosen by a Jury Panel consisting exclusively of Limited Partners.
Started in 2007, the Venture Intelligence APEX Awards are the first awards of its kind for Private Equity & Venture Capital funds in India. A key feature about the APEX Awards is that the awardees are chosen by a Jury Panel consisting exclusively of Limited Partners (i.e., investors in PE/VC funds).