Nexus Venture raises USD 700-Million start-up fund

Venture capital firm Nexus Venture Partners has closed its latest investment vehicle, Nexus Ventures VIII, a USD 700-million (approximately Rs 6,300-crore) fund aimed at backing early-stage start-ups in India and the United States. The fund will support new companies working in artificial intelligence, enterprise software, consumer technology and fintech at the inception, seed and Series A stages.

Nexus, known for investing in several notable Indian start-ups such as Apollo, Zepto, Turtlemint, Delhivery, India Shelter and Rapido, said the new fund strengthens its commitment to nurturing founders building next-generation technology ventures. Over the years, the firm has backed more than 130 companies and recorded over 30 successful exits, including multiple public listings.

According to the company, India continues to be a key focus market due to its rapidly expanding digital ecosystem, driven by advanced payment systems, widespread mobile adoption and reliable broadband connectivity. Alongside its investments in emerging enterprise AI ventures in the US, Nexus aims to support what it describes as “generational” consumer and fintech innovations in one of the world’s fastest-growing economies.

With this latest fund, Nexus Venture Partners plans to deepen its role in shaping early-stage innovation across both markets, providing capital and long-term support to high-potential founders.