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Y Combinator’s Puneet Kumar Joins VC Firm Nexus Venture Partners

Inc42 · 1y ago

Y Combinator’s Puneet Kumar Joins VC Firm Nexus Venture Partners

Puneet Kumar has joined Nexus Venture Partners as a Venture Partner after his time at Y Combinator. Kumar, previously a visiting group partner at Y Combinator, expressed excitement about paying it forward to the startup ecosystem and partnering with the next generation of entrepreneurs.

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Ex-LinkedIn India Head Ashutosh Gupta Joins Avataar Venture Partners

Inc42 · 1y ago

Ex-LinkedIn India Head Ashutosh Gupta Joins Avataar Venture Partners

Sanjeev Gupta has been appointed as a venture partner at Nexus Venture Partners, a growth-stage VC firm focused on SaaS and B2B technology. Gupta previously worked at LinkedIn for ten years, with half of that time spent as the country manager for India. Prior to LinkedIn, he was the head of industry and technology services at Google. He joined Nexus Venture Partners in May after a short career break.

Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Economic Times

Economic Times · 1y ago

Ex-defence secretary Ajay Kumar joins VC play with early-stage fund

Ajay Kumar, former defence secretary of India, has launched Mounttech Growth Fund, a venture capital firm focusing on early-stage startups in defence, aerospace, and deeptech sectors. The fund, valued at Rs 250 crore, has received subscriptions worth Rs 280 crore and plans to raise an additional Rs 250 crore. The fund's first scheme, called Kavach, is backed by Suryakant Dalmia and includes retired armed forces officers as advisors. Kumar aims to tap into the opportunities created by the government's iDEX program and forge partnerships with venture capital firms and academic institutions.

Magicpin co-founder Brij Bhushan returns as VC; joins Prime VP as partner

Entrackr

Entrackr · 1y ago

Magicpin co-founder Brij Bhushan returns as VC; joins Prime VP as partner

Brij Bhushan, co-founder and former chief operating officer of Magicpin, has joined early-stage venture capital firm Prime Venture Partners (PrimeVP)as a full-time venture partner. In this role, Bhushan will be a key member of the investment team and will contribute to all aspects of the firm’s investment, portfolio management and fundraising, Prime VP said in a press release. Bhushan had previously worked in venture capital as vice president at Nexus Venture Partners before co-founding magicpin. He has also worked with Bain & Co. During his tenure at Magicpin, Bhushan was instrumental in its growth, raising over $100 million from investors including Lightspeed, Zomato and Waterbridge. “.. I’m excited to return to VC, where I can help founders navigate their journeys, leveraging my experiences alongside a team that truly understands what it takes to get a company off the ground,” said Bhushan. With plans to strengthen the company’s investment and portfolio management capabilities, Prime VP has also promoted Gaurav Ranjan to principal of investments. Ranjan served PrimeVP for six years as an associate, and most recently as vice president. Led by Sanjay Swamy, Shripati Acharya, and Amit Somani, Prime VP has invested in more than 50 startups, including WheelsEye, MyGate, Quizizz, PlanetSpark, Dozee, Zuper, Niyo, OTO, Knight Fintech, Finagg, and Navadhan, among others in the past 12 years. The firm has also achieved several significant exits, such as Happay to Cred, Recko to Stripe, Ezetap to Razorpay, and the IPO of Tracxn.

How juicy was Nexus Venture Partners’ third portfolio exit move this year?

VCCircle

VCCircle · 1y ago

How juicy was Nexus Venture Partners’ third portfolio exit move this year?

Nexus Venture Partners has made its third portfolio exit this year by selling a decade-old investment. The venture capital firm, known for its India and US-focused funds, has previously raised over $2 billion and generated $700 million in its last fund. With numerous successful exits this year, Nexus Venture Partners continues to demonstrate its expertise in the venture capital space.

Did Nexus Ventures beat the benchmark in fourth exit move of the year?

VCCircle

VCCircle · 11m ago

Did Nexus Ventures beat the benchmark in fourth exit move of the year?

Nexus Venture Partners has made its fourth exit move of the year by divesting part of its stake in a company it backed over a decade ago. The venture capital firm has increased its assets under management to over $2 billion after closing its seventh fund. Anup Gupta, managing director of Nexus Venture Partners, has not disclosed the details of the divestment or whether it beat the benchmark.

Nexus Venture Partners sells 5.97% stake in India Shelter Fin for Rs 482 Cr

YourStory

YourStory · 11m ago

Nexus Venture Partners sells 5.97% stake in India Shelter Fin for Rs 482 Cr

Nexus Venture Partners, a venture capital firm, has sold a 5.97% stake in India Shelter Finance Corporation for INR 482 crore ($65 million). The Gurugram-based housing finance company targets first-time home loan buyers in low- and middle-income groups in Tier-II and Tier-III cities in India. After the transaction, Nexus Venture Partners' shareholding in India Shelter Finance Corp has decreased to 15.35% from 21.32%. Meanwhile, Goldman Sachs and SBI Life Insurance have increased their stakes in the company by acquiring a combined 1.31% holding.

Lightspeed partners Vaibhav Agrawal, Abhishek Nag quit

Economic Times

Economic Times · 1y ago

Lightspeed partners Vaibhav Agrawal, Abhishek Nag quit

Vaibhav Agrawal and Abhishek Nag, partners at Lightspeed Venture Partners, have left the firm. Agrawal is planning to launch his own venture firm, while Nag has joined Mumbai-based 360 One to lead early-stage investments. This follows a trend of high-profile exits in the venture capital industry, with recent departures at Nexus Venture Partners, Trifecta Capital, Lightbox, and Orios. Lightspeed has made significant investments in companies like Oyo, Udaan, Sharechat, Pocket FM, but some of its larger bets have not performed well, resulting in declining valuations.

Finarkein Analytics Bags $4.75 Mn From Nexus Venture Partners

Inc42 · 1y ago

Finarkein Analytics Bags $4.75 Mn From Nexus Venture Partners

Finarkein Analytics, a Pune-based data analytics platform for digital service providers, has raised an undisclosed amount in a funding round led by Nexus Venture Partners. Existing investors IIFL's Fintech Fund and Eximius Ventures also participated in the round. The company plans to use the funding for product development and expansion. Finarkein Analytics was founded in 2019 by Nikhil Kurhe and Dheeraj Kumar.

Nexus to exit 15-year-old technology bet via secondaries deal

VCCircle

VCCircle · 1y ago

Nexus to exit 15-year-old technology bet via secondaries deal

Nexus Venture Partners, a multi-stage alternative investment firm, has successfully exited an Indian technology company that it initially invested in almost 15 years ago. The venture capital firm, which recently closed its seventh fund and raised $700 million to invest in India and the US, is selling its stake in Bengaluru-based company through a secondaries deal.

Nexus Venture Partners names new partner to beef up top deck

VCCircle

VCCircle · 1y ago

Nexus Venture Partners names new partner to beef up top deck

Nexus Venture Partners has appointed Anand Datta as a new partner to strengthen its leadership team. The venture capital firm, which has raised over $2 billion, is known for its investments in Indian and US startups. Some of the startups in its portfolio include Hasura, Apollo.io, Druva, and Postman.

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