India: Snapdeal-backer Nexus Venture Partners closes Fund IV at $450m

India: Snapdeal-backer Nexus Venture Partners closes Fund IV at $450m

Venture capital fund Nexus Venture Partners today said that it had closed Fund IV with committed capital of more than $450 million. Most of the funding was raised from long-term investors who had participated in previous funds.

Nexus invests seed and early stage capital across enterprise technology, consumer and business services. Startups that got Nexus funding include e-commerce major Snapdeal, online marketplace for used goods OLX, hotel room aggregator Stayzilla, online marketplace ShopClues and Craftsvilla.

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