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.

It has also invested in hyperlocal logistics players Delhivery and RoadRunnr, Netmagic and Suminter. The company began operations in 2006 and has invested in over 60 companies. Including the new fund, Nexus now has over $1 billion invested in various startups.

Investors in Fund IV include endowments, foundations, and financial institutions across North America, Europe and Asia. Nexus Venture Partners has three earlier funds. Fund I ($100mn) was announced in 2007, Fund II ($220mn) closed mid-2008 and Fund III ($270mn) in end 2012.

“We are thankful to our investors that continue to back us and believe in our investment philosophy.  Most significantly, the Nexus team is fortunate to have exceptional entrepreneurs partner with us on their journey to build market-leading companies,” said Naren Gupta, co-founder and managing director.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.