However, you may visit "Cookie Settings" to provide a controlled consent. But opting out of some of these cookies may have an effect on your browsing experience. It has set a target of $550 million in the fresh fund.. While Sandeep Singhal and Suvir Sujan led the investments in India, including startups like Snapdeal, Gupta played a pivotal role in evincing the interest of limited partners in the US to invest in India, apart from identifying product startups there, with engineering teams in India. Narendra K. Gupta (September 30, 1948 December 25, 2021) was an Indian-American venture capital investor and technology entrepreneur. Of cours, India is one of the fastest emerging startup ecosystem. This can be very disheartening, but many businesses[https://startuptalky.com/tag/business/, Top Sequoia Capital Investments that got big, Sequoia Capital has invested in some of the greatest ideas that this planet hasever seen. This cookie is set by GDPR Cookie Consent plugin. When the investment is from Nexus Venture Partners the average startup value is 100-500 millions dollars. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. s immediate queries to Nexus remained unanswered. StartupTalky is top startup media platform for latest startup news, ideas, industry research and reports, inspiring startup stories. Entrackrs immediate queries to Nexus remained unanswered. You also have the option to opt-out of these cookies. Funds Raised Number of Funds 7 He was a vocal critic of high valuation of early-stage startups in the early stages. Success! The cookies is used to store the user consent for the cookies in the category "Necessary". It is headquartered in New York with offices in New Delhi and Rio de Janeiro. This shall, however, not influence our reporting or coverage in any manner whatsoever. What new opportunities would be created for tech entrepreneurs in India because of COVID19? Success! Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. Gupta also served as a chairman of the board of Red Hat prior to the firms acquisition by IBM. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Nexus Venture Partners appeared to be the VC, which was created in 2006. Plus, there is often a push from Indian entrepreneurs to sell earlier than they should, rather than waiting to develop a "billion dollar enterprise over many years". However, you may visit "Cookie Settings" to provide a controlled consent. The startups funded by Nexus Venture partners are Postman, Druva, Yolobus, Rapido, Pratilipi, Zolostays, Unacademy, Olx, Delhivery, Shopclues, and Snapdeal among others. Nexus Venture Partners We partner with extraordinary entrepreneurs building product-first companies. He remained on that board until it was acquired by Intel. The cookies is used to store the user consent for the cookies in the category "Necessary". Apollo.io Raises $32M in Series B Funding to Make B2B Sales Prospecting More Intelligent, Automated and Accessible, Headout raises $12M, plans to hire 150+ people as domestic travel rebounds, Top 20 investors in North America with the biggest sum of Late funding rounds in Education industry over the recent years, Top 20 investors in North America that took part in the most Early funding rounds in Social Network industry over the recent years, Top 20 investors in North America with the biggest sum of Late funding rounds in Human Resources industry over the recent years, We use cookies and similar technologies to improve your user experience. BEENEXT also raised a $110 million fresh fund in June 2020 followed by Lightspeed Venture Partners had marked the close of its third India-focused fund at $275 million. The new corpus by Nexus will be greater than the above-mentioned firm and would help it to go more aggressive (on the lines of Accel, Sequoia and Lightspeed) on early-stage investment along with follow-on rounds in the existing portfolio companies. "To solve it, we had presence in Silicon Valley. Nexus Venture Partners is one of the leading early-stage investment firms that has helped many Indian startups to grow into unicorns today. The leading representative office of defined VC is situated in the Menlo Park. Reach out at story@startuptalky.com. "Naren was a stalwart in the global technology and entrepreneurial ecosystems and a pioneer of Indian venture capital," said the Nexus Venture Partners statement. [3] In 2021, Gupta, along with his wife, instituted a fellowship at Caltech toward research on smart devices and artificial intelligence as a part of the institute's Sensing to Intelligence initiative. Analytical cookies are used to understand how visitors interact with the website. Pratilipi Search for what you want, categories, tags, keywords, authors, events, anything under YourStory. LinkedIn sets the lidc cookie to facilitate data center selection. Besides, a startup requires to be at the age of 2-3 years to receive the investment from the fund. Nexus Venture Partners Startups Thomas Li Uncorrelated Ventures Growth If you have more than one business model, you don't have a business model Haje Jan Kamps 9:00 AM PST March 5, 2023 Big changes are pretty much impossible to make. Check your inbox and click the link. Gupta was quoted as saying "Innovation is a state of mind, and he is saying, help him bring that state of mind to India. We will update the story in case they respond. He was a mentor and a close friend to all of us at Nexus and we will miss his passion, caring nature and towering intellect, a fund spokesperson said in a statement Sunday evening. Vancouver, British Columbia-- (Newsfile Corp. - June 1, 2023) - Canadian Nexus Team Ventures Corp. (CSE: TEAM) ("Canadian Nexus", "the Company" or "TEAM") The Company announces that its Board of Directors has approved a consolidation of the Company's issued share capital on the basis of seven (7) common shares for one (1) new share of the . Postman raised $150 million in their Series C round of funding from Global venture capital, Insight Partners, CRV and Nexus Venture Partners in 2018. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. By clicking Accept All, you consent to the use of ALL the cookies. Pratik has a B.Tech in Computer Science and Engineering from Indian Institute of Technology (IIT) Bombay. Pratilipi was founded by Ranjeet Pratap Singh, Prashant Gupta, Rahul Ranjan, Sahradayi Modi and Sankaranarayanan Devarajan in order to promote Indian languages. 17K followers 500+ connections. Unacademy Nexus Venture Partners, the firm he co-founded in 2006, today operates over $2 billion assets under management. It was a bold bet. "It is with profound sadness that we announce the sudden demise of Narendra Gupta on December 25. Our thoughts and prayers are with the family in this very difficult time., Just an incredible loss. In October 2020, SAIF Partners, which rebranded itself as Elevation Capital, also announced the close of its seventh fund at $400 million. The cookies is used to store the user consent for the cookies in the category "Necessary". In 2020, the platform went on to raise Rs 76 crore in their Series C funding round led by Tencent with participation from Omidyar Network, Bennett Coleman, Shunwei Capital and Nexus Venture Partners. LinkedIn sets this cookie for LinkedIn Ads ID syncing. The company aims to provide products and services in order to help improve the lives of consumers, small businesses, enterprises. The cookie is used to store the user consent for the cookies in the category "Analytics". He got an MS from the California Institute of Technology and a PhD from Stanford University in engineering in 1974. Narendra K. Gupta (September 30, 1948 - December 25, 2021) was an Indian-American venture capital investor and technology entrepreneur. "We had defined the problem," Gupta told this writer in 2016. We also use third-party cookies that help us analyze and understand how you use this website. Olx short for Online Exchange is a popular Dutch online marketplace that was founded in 2006. Its bet was that enterprises across the globe would find the solutions relevant. Sep 10, 2021 11 min read The startup ecosystem has grown over the past few years because many venture capital firms are investing in the early stages of upcoming startups. These cookies ensure basic functionalities and security features of the website, anonymously. Latency and volume also need to be at a point where infrastructure can support the algorithms needed to gather data from thousands of different documents. Naren was kind, he was smart, and every time I met him he inspired me, as he did so many founders. This frees up analysts to then do what they are supposed to do.. We offer an assisted fundraising option for startups. We also use third-party cookies that help us analyze and understand how you use this website. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. The firm also prefers to invest in companies from India or global markets and may also invest in companies located outside India with a focus on American based companies with technologies that are relevant for India and its emerging markets. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Early-stage venture capital firm Nexus Venture Partners is in talks to raise up to $550 million worth sixth fund, said three people aware of the details of the conversation. The venture was found in North America in United States.The fund was created by Naren Gupta, Sandeep Singhal, Suvir Sujan. The important activity for fund was in 2015. Currently, the company claims to accommodate 40,000 Zolo properties and is aiming at reaching 200,000 beds by December 2022. The company has its headquarters in Bengaluru, Karnataka and currently operates in over 100 cities across India. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. The leading representative office of defined VC is situated in the Menlo Park. The company has its headquarters based in New Delhi and has recently grown to become one of the largest online marketplace in the country. [1] He was also elected a fellow of the Institute of Electrical and Electronics Engineers in 1991. The cookie is used to store the user consent for the cookies in the category "Other. This website uses cookies to improve your experience while you navigate through the website. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. Welcome back! Sumanth Raghavendra, a Bangalore-based entrepreneur, said in a tweet that several generations of Indian startups owe Gupta a debt of gratitude.. 2021 - Present2 years. Gupta, who moved to the U.S. to pursue higher education in late 1960s, co-founded Integrated Systems, a software firm that was ultimately sold to Intel. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Initially, Daloopa focused on public company financials, but plans to move into data extraction for more private documents, like documents a bank uses with its customers. A year later, ecommerce platforms. These cookies track visitors across websites and collect information to provide customized ads. Nexus exited with $140 million cash on its $5 million bet on the Karan Bajaj-founded company when Byjus, Among larger size venture funds that have been launched for Indian startups in the past 12 months is Sequoia Capitals, Bareback Media has recently raised funding from a group of investors. The UN and its partners are working to stamp out trafficking and also build up opportunities in the region. Today I have with me Jishnu Bhattacharjee, Managing Director at Nexus Venture Partners. There were very few startups in India at the time and far fewer investors willing to back them. Hacking my way into analytics: A creatives journey to design with data. Yet there are "special challenges" for those investing in India. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. In fact, he found lawyers and similar financial professionals at financial institutions were spending about a third of their time on those same tasks, while also manually entering everything into spreadsheets. Necessary cookies are absolutely essential for the website to function properly. He said that the traditional approach to investment used in Silicon Valley is not really accepted in India. We at Nexus partner with ambitious entrepreneurs solving challenging problems at the seed and Series A stages. The aim of the company is to become the operating system for commerce in India, with the help of advanced infrastructure, logistics operations and cutting-edge technology. Snapdeal When you see so many people that look like him as CEOs and founders, people like him started it. He was 73. The company will use these funds to ramp up their services, technology, customer, crew safety and sanitization. After leaving the firm, he began to explore investment opportunities. Sorry, something went wrong. The venture was found in North America in United States. Gupta was born on September 30, 1948. You've successfully subscribed to StartupTalky. Postman "What has disappointed me is what the venture community has done to the (startup) ecosystem," Gupta told this writer in 2016. He founded the investment company Nexus Venture Partners, as well as various other investment and software firms. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. When company co-founder and CEO Thomas Li worked as a hedge fund analyst, he often performed repetitive data extraction in order to gather insights for analysis and forecasts. In a career spanning over three decades he was recognized for his contributions to global technology and entrepreneurial ecosystems, and for venture capital investments in India. We want to hold every enterprise company coming out of India to global standards: Naren Gupta of Nexus Venture Partners. Nexuss core identity has been its success in software deal-making, unlike other Venture Capital firms that only choose to fund successful consumers internet unicorns. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. Profile Pratik Poddar As an entrepreneur turned VC, Pratik is excited about working alongside technology entrepreneurs to create an impact on the lives of millions of people in India. He is a MD at Nexus Venture Partners, where he opened & leads their Bangalore office. 3000 Sand Hill Rd Bldg 1, Suite 260 Menlo Park, California 94025, US Get directions 100, Dr. Annie Besant Road, Worli G2 Mumbai, Maharashtra 400018, IN Get directions State Bank of India Road. These cookies track visitors across websites and collect information to provide customized ads. You also have the option to opt-out of these cookies. I am . The company is owned by Naspers (South African media group), has its headquarters in Amsterdam and operates in over 45 countries. The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. We also use third-party cookies that help us analyze and understand how you use this website. The company used these funds to strengthen its base of educators from 200 to 2000. Nexus Venture Partners has had 46 exits. Accel, Elevation Capital and Nexus Venture Partners have also unveiled large new India funds in the past year. As of 2016, the company had $1bn under management with an active portfolio of 60-plus firms across industries: business services, consumer, healthcare, internet and technology. Snapdeal is different from other e-commerce sites because its sellers offer good quality merchandise, customers get to pay value for money which is similar to local markets in metro cities. Funding. [7], Through Nexus, Gupta has developed a greater sense of how to work within Indian culture. Nexus Venture Partners has been in late-stage talks with existing and new limited partners [LPs] for about three-four months, said one of the sources requesting anonymity. We are pleased to announce the closing of Nexus Ventures VII, a $700 million venture capital fund to back exceptional entrepreneurs in India and the US, building disruptive companies . It had also earlier raised $40 million from Nexus Venture Partners, Olympia Developers, Patni Computers Family Office and Mirae Asset. Gupta expanded: "Certainly fast-growing startups need more hand-holding than they need in the U.S. This cookie is set by GDPR Cookie Consent plugin. The sixth fund is in line with the firms conviction to have a larger fund to compete holistically with the likes of Sequoia Capital, Lightspeed Venture Partners, said the second person who also wished not to be named. Narendra Gupta, one of the first entrepreneurs from India who co-founded a venture in the US and took it to a public listing, passed away in the San Francisco Bay Area on December 25. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. Necessary cookies are absolutely essential for the website to function properly. We also calculated 16 valuable employees in our database.The increased amount of exits for fund were in 2016. Nexus Venture Partners appeared to be the VC, which was created in 2006. Despite being termed as a software investor, the firm is currently investing in a wide variety of industries. The company was founded by Snehas Choudary, Dr Nikhil Sikri and Akhil Sikri in 2015 and is available in more than 10 cities across India. Your account is fully activated, you now have access to all content. His operational expertise is in product. It does not store any personal data. But the opportunity seemed good, and I met lots of entrepreneurs and once in a while, I made investments.. They provide services such as transportation, warehousing, freight, reverse logistics, cross-border and technology services and has over 500,000 sellers and over 10,000 customers. The company raised over $5 million in its series B funding from Nexus Venture Partners in 2013. It plans to hire more than 150 employees around the world and is also looking for opportunities to acqui-hire travel and entertainment startups. Basically, Indian entrepreneurs have to get with the program in order to understand "what tickles the fancy of consumers", since there has not been one independent firm that has emerged as a key player here, which Gupta says "makes no sense. You bear the whole responsibility,related to their substance, content and the fact of publication. The platform currently claims to have over 2 crore users and allows its users to publish or read their original works such as stories, poetry, essays and articles. Delhivery so far claims to have delivered over 500 million shipments, in 230 cities across the country. Battery Ventures, and BOND, along with existing investors CRV and Nexus Venture Partners. Apollo.io plans to expand its product and engineering teams to refine its category-leading technology. Despite the Nexus Venture Partners, startups are often financed by DFJ, Blume Ventures, Trinity Ventures. Naren was a stalwart in the global technology and entrepreneurial ecosystems and a pioneer of Indian venture capital. Nexus has been known for making bets on Snapdeal, WhiteHat Jr Unacademy, Delhivery and SaaS unicorns Postman and Druva. It is a pioneer of investing in global technology products and technology-led business for India. Frequently Asked Questions, Here are some of the startups funded by Nexus Venture Partners. Summary. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. If you think that some of this information is not accurate, please, The average size of a deal this fund participated in, How often the fund supports its portfolio startups at next rounds. Its intelligent automation approach eliminates the cost bloat and makes data extraction scalable, accurate and referenceable.. He is most passionate about consumer, community / content, web3, education, e-commerce, financial services, and healthcare startups. He was 73, and is survived by wife Vinita, and two daughters. In 1990, he took the company went public, and later merged with Wind River Systems. Yolobus Nexus Venture Partners published a statement on Naren Gupta's death on December 26, 2021. It does not store any personal data. Out of India's 102. Thats why I got interested in venture in India. Unacademy again secured over $50 million in their Series D funding round from existing Venture capital firms like Steadview Capital, Sequoia India, Nexus Venture Partners and Blume Ventures. But opting out of some of these cookies may affect your browsing experience. In 2005 and 2006, I made a number of trips and met hundreds of companies, he recalled in the podcast. We do not intend to delete any comments on the website unless within our noticeand take down procedure. He is based out of Gurugram and has been writing about startups and digital economy for nine years. Join to view profile . This website uses cookies to improve your experience while you navigate through the website. This website uses cookies to improve your experience while you navigate through the website. Pratilipi is a self-publishing e-platform that offers content in ten different Indian languages which are Hindi, Gujarati, Bengali, Marathi, Tamil, Kannada, Telugu, English, Urdu, Punjabi and Odia. Apollo.io, the leading go-to-market acceleration platform for B2B companies, raised $32M in a Series B funding round led by Tribe Capital, with participation from NewView Capital and existing investor Nexus Venture Partners. I really had no plans to do it. Will forever cherish his memory. Joining Credit Suisse in the Series A were existing investors Nexus Venture Partners, Uncorrelated Ventures and Hack VC. These cookies track visitors across websites and collect information to provide customized ads. He said that, "most investors in the U.S. won't understand how family-run businesses in India run." [1], Gupta died on December 25, 2021, at the age of 73. The cookie is used to store the user consent for the cookies in the category "Analytics". Analytical cookies are used to understand how visitors interact with the website. Then in 2019, the state of technology was such that Li and co-founders Daniel Chen and Jeremy Huang could create data extraction capabilities through the use of artificial intelligence-driven software. This cookie is set by GDPR Cookie Consent plugin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. We partner with extraordinary entrepreneurs building product-first companies. One such homegrown early-stage investing firm is Nexus Venture Partners, which was founded by successful entrepreneurs Suvir Sujan, Sandeep Singhal and Naren Gupta in 2006. [2], Gupta was married to Vinita Gupta. The cookie is used to store the user consent for the cookies in the category "Performance". Win whats next. But opting out of some of these cookies may affect your browsing experience. Matrix Partners India is still a notable venture fund. The cookie is used to store the user consent for the cookies in the category "Performance". Your billing info has been updated. Despite it in 2019 the fund had an activity. Customers can request data sets with a couple of clicks of a button and have it delivered the next day. This cookie is set by GDPR Cookie Consent plugin. Olx is not only popular in India, but also has a strong foothold in countries like Spain, Portugal, Mexico, South America, China, and the Philippines. Gupta was an alumnus of the Indian Institute of Technology Delhi (IIT Delhi), where he received the Presidents Gold Medal for top performance. The platform helps in simplifying every aspect of building an API and streamline collaboration so the users can create better APIs. The firm also has long term commitment and work closely with the startups they invest in. 1. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. In 2018, the company had over 15,000 registered riders and more than an average of 30,000 rides per day. These companies were primarily developed by Indian entrepreneurs to serve international markets. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Olx allows its users to buy and sell from a wide range of products and services such as electronics, fashion items, furniture, household goods, and vehicles like cars & bikes. The company aggregates the data of the enterprise data from endpoints, data centers, and cloud workloads for backing it up or restoring, compliance monitoring, security, and other uses, etc. The company plans to expand into 300 cities, product development and its product, business, marketing and operations teams. About Sameer is an early-stage venture investor in 75+ startups. In 2019, Qoo10 a Singapore based company acquired Shopclues for 470 million. "He was a mentor and a close friend to all of us at Nexus and we will miss his passion, caring nature and towering intellect. The startup ecosystem has grown over the past few years because many venture capital firms are investing in the early stages of upcoming startups. Yolobus is an intercity bus aggregator that has its headquarters in Gurgaon, Haryana and was founded in 2019. Daloopa previously raised both pre-seed and seed funds to give it $24 million to date. Connect to CRM Summary Financials Investments People Technology Signals & News Similar Companies Highlights Funds 7 Funding Nexus Venture Partners has raised a total of $2.6B across 7 funds, their latest being Nexus Ventures VII fund. Gupta co-founded embedded software company Integrated Systems Inc (ISI) in 1980, where he served as President and CEO for 15 years. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. He moved to the United States and received a Master of Science degree from the California Institute of Technology, in 1970 with a specialization in aeronautics and a Ph.D. from Stanford University in 1974 with a specialization in applied mechanics. The company secured over $10 million in their Series B round of funding from Helion Venture Partners, Nexus Partners and Netprice.com in 2013. LinkedIn sets this cookie to store performed actions on the website. --. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. He received a Bachelor of Technology degree from the Indian Institute of Technology, Delhi, in 1969 majoring in mechanical engineering. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. The company provides its users with world-class bus facilities that cover over 250 routes across India. Connect with him at [emailprotected], Entrackr is a new age media platform for entrepreneurs, startups and technology enthusiast Read More >, Nexus has been known for making bets on Snapdeal, WhiteHat Jr Unacademy, Delhivery and SaaS unicorns Postman and Druva. Get the latest insights directly to your inbox! About. The round was led by Glade Brook Capital and included participation from returning investors Version One Ventures, Nexus Venture Partners, FJ Labs, 500 Startups, Haystack and Ludlow Ventures, and new investors Espresso Capital and Practical VC. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". This cookie is set by GDPR Cookie Consent plugin. By clicking Accept All, you consent to the use of ALL the cookies. You also have the option to opt-out of these cookies. The Indian technologicallandscape has seen a tremendous growth towards creation of innovative startupswhich has lead it to become the 3rdfastest growing hub for technology startupsin the country. The last investment made by Nexus Venture Partner to Snapdeal was in 2017 where the company raised funds Rs 113 crore from the firm. The deal made Gupta realize that if he had a formal venture fund, his portfolio startups would be in a position to take longer-term bets. Druva is a leader in providing services like SaaS-based data protection and management products to both companies and government agencies. Prior to joining Nexus, Pratik worked on his startups in social e-commerce and content marketing spaces where he experienced firsthand the challenges of building a company. Delhivery Zolostays is a Bengaluru based company that provides services for co-living and accommodation options especially to students and young professionals. Naren Gupta, cofounder of Nexus Venture Partners and a pioneer in the Indian venture capital and startup ecosystem, passed away on December 25. You post comments at your own choice and risk. When do content tools become large companies? The company was started in 2008 by Jaspreet Singh, Milind Borate, and Ramani Kothandaraman in Pune, India. So far the firm is known to have invested in 294 companies and has over 65 exits. Here are some examples: The UN launched a $180 million project in 2022 targeting 1.6 million people in the Liptako-Gourma area, straddling the borders of Burkina Faso, Mali, and Niger, aimed at improving economic opportunities and livelihoods, with a focus on women, youth, and . When not working, Pratik enjoys traveling, watching movies, reading business books, and solving math puzzles. Delhivery is the leading supply chain services chain company in India that was founded by Sahil Barua in 2011 and has its headquarters in Gurgaon. All rights reserved. This is a "homegrown Indian operation [with] extensive reach and experience overseas [most notably in] Silicon Valley." Institute of Electrical and Electronics Engineers, "Nexus Venture Partners cofounder Naren Gupta passes away", "Caltech Mourns the Passing of Naren Gupta", "Silicon Valley VC Pioneer Indian American Naren Gupta Passes Away", "Nexus Venture Partners closes fourth fund at over $450 mln", "Roundtable Recap: October 9 Carnival in the Cloud with Naren Gupta, Nexus Venture Partners", "A Chat With Nexus Venture's Naren Gupta", "Narendra Modi, Indian Premier, Courts Silicon Valley to Try to Ease Nation's Poverty", "Nexus VP Co-founder Naren Gupta, Pioneer Of Venture Capital In India, Passes Away", https://en.wikipedia.org/w/index.php?title=Naren_Gupta&oldid=1158478366, computer scientist and venture capitalist, This page was last edited on 4 June 2023, at 09:31. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. These cookies ensure basic functionalities and security features of the website, anonymously. He also had investments in cloud computing and other e-commerce companies including Aryaka, DimDim, Druva, mCheck, PubMatic and Snapdeal. It will also focus on sales, marketing and operations functions. Among larger size venture funds that have been launched for Indian startups in the past 12 months is Sequoia Capitals $1.3 billion worth corpus for India and SEA region. These cookies will be stored in your browser only with your consent. While commenting, you shall use only actual, truthful and confirmed data. He is most passionate about consumer, community / content, web3, education, e-commerce, financial services, and healthcare startups. The firm has its main headquarters in Menlo Park, California with head offices in Bengaluru and Mumbai in India. It was completely ridiculous." The meaningful sponsors for the fund in investment in the same round are Trinity Ventures, Omidyar Network, Blume Ventures. Nexus Venture Partners, a venture-capital (VC) fund that Gupta co-founded with Sandeep Singhal and Suvir Sujan in 2006, issued a statement on Sunday evening. "[7], Regarding Indian e-commerce, Gupta said that this recently exploded. We also calculated 16 valuable employees in our database. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. Comparing to the other companies, this Nexus Venture Partners performs on 15 percentage points less the average number of lead investments.The fund has no exact preference in some founders of portfolio startups. Druva is a cloud backup and data protection based firm that has its headquarters in Sunnyvale, California with offices in Greenwich, New York, Hong Kong, London, San Francisco and Mumbai. If you create successful product companies in India, combine technology talent in India with product marketing talent in Silicon Valley, then you give them some funding. We will update the story in case they respond. Managing Director, Nexus Venture Partners. Postman recently closed a $225 million Series D investment round led by existing investor Insight Partners, and joined by new investors Coatue, Battery Ventures, and BOND, along with existing investors CRV and Nexus Venture Partners. IndoUS Venture Partners (now, Kalaari), Erasmic Venture Fund (now, Accel India), and Helion Venture Partners were Nexus' contemporaries. [10] Reports on his death recognized his contributions to global technology and entrepreneurial ecosystems and called him "a pioneer of Indian venture capital".[10][1]. This was a big enough problem for one company to support all of the data analysis and forecasting without having to manually convert the data, Li told TechCrunch. In the next rounds fund is usually obtained by Intel Capital, DFJ, Trinity Ventures. Get the full list, Morningstar Institutional Equity Research. Bengaluru, Karnataka, India. A startup succeeds in the long run only if it can scale as andwhen required. These cookies do not store any personal information. The fund has backed several promising startups including API platform Postman,. See our. While commenting, you are under the rule of our websites terms of use and privacypolicy. Among the various public portfolio startups of the fund, we may underline Snapdeal, Delhivery, Clover Health For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. After graduation, he moved to the US in 1969. According to data from Venture Intelligence, the firm has made exits worth $500 million since its inception in 2006. The website has over 500,000 sellers that sell fashion and home products to customers from 3,700 towns and cities across India. Founded in 2006, Nexus Venture Partners is a venture capital firm based in Menlo Park, California. Please try again. ShopClues is one of the top online marketplaces in India, that was founded in 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. Get the full list, Youre viewing 10 of 80 exits. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. The VC firm had raised about. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. 2. As part of the investment, NEXT Investors and Nexus Venture Partners will each assign a member to Daloopas board of directors. These cookies ensure basic functionalities and security features of the website, anonymously. He embodied intellectual curiosity, love of life, and kindness in such a wonderfully authentic way. The industries in which Nexus Venture Partners fund are Enterprise Technology, Consumer Internet, Healthcare, Consumer, Business Services, Media, Software, Big Data Analytics, Data Security, Fintech, DevOps, Open Source, Education, Commerce, Gaming, Cloud, Saas, Agribusiness, Rural Sector, Energy, etc. ", Inside JSWs online B2B business; a biker turned entrepreneur from Arunachal, Here's how startups can do market research, Richard Feynman's Simple Technique to Learn Anything Effectively, A Gurugram startup is helping school students become money smart, Responsibility, respect, rapportwildlife photographer Deepak Shankar on the occasion of World Environment Day. According to Venture Intelligence, Nexus has earned more than $500 million in exits by 2020. Read the Blog Post . Masayoshi Sons interest inIndia has proved to be profitable for him. The company was launched in 2014 with its headquarters based in Bengaluru, Karnataka. View Portfolio This cookie is set by GDPR Cookie Consent plugin. Feb 28. Daloopa is disrupting how financial data is extracted and consumed, said Abhishek Sharma, managing director at Nexus Venture Partners, via email. Aug 20, 2019 Nexus backed Druva raises $130M By Jishnu B. Jun 20, 2019 Activity With 105K+ agents & sellers on its platform, Observe.AI is solving the customer experience paradox for the $400B. All their busses have facilities Wi-Fi, CCTV Cameras, and GPS tracking, their customers can also choose from options such as a fleet of sleeper, luxurious sleeper buses, and AC/Non AC buses, built-in washrooms, etc. The firm prefers to invest in seed-stage and early-stage companies operating in consumer products, consumer services, information technology, e-commerce, big data, b2b payments, SaaS, the internet of things, TMT, artificial intelligence, machine learning, and technology sectors based in the United States and India. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. However, you may visit "Cookie Settings" to provide a controlled consent. According to its website, Nexus has a portfolio of over 100 companies. What we were able to do early on was bring the U.S. norms and approach to building companies and mix that with the Indian talent and Indian capability to get things done. In case when startup counts 5+ of the founder, the chance for it to get the investment is meager. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. Some of the investors may directly or indirectly be involved in a competing business or might be associated with other companies we might write about. LinkedIn sets this cookie to remember a user's language setting. When this goes through, it will be the largest corpus raised by the homegrown VC firm to date. In India, Olx has launched special services like Olx Autos (in 2020) and Olx Cashmycar (2018). My introduction to venture capital and investment was really accidental, he said in a podcast last year. If I could live even a fraction of his life, it would be a life well lived. The company recently scored 28X return on its one-and-a-half-year long bet on edtech startup WhiteHat Jr. Nexus exited with $140 million cash on its $5 million bet on the Karan Bajaj-founded company when Byjus acquired it last year. The cookie is used to store the user consent for the cookies in the category "Other. India is very entrepreneurial at getting things done, he said. Druva The couple had two daughters. This category only includes cookies that ensures basic functionalities and security features of the website. Team - Nexus Venture Partners One global team. Nexus Venture Partners, which currently has $2 billion of assets under management, was part of the first wave of venture-capital (VC) funds in India. We also use third-party cookies that help us analyze and understand how you use this website. , Suvir Sujan: Naren Gupta of Nexus Venture Partners, the was. Of clicks of a button and have not been classified into a category as yet [ ]... Into 300 cities, product development and its product and engineering from Indian Institute of technology, Delhi, 230! Delete any comments on the website to function properly past few years because many Venture capital Nexus. Several promising startups including API platform Postman, these funds to give you the most relevant experience remembering. And once in a wide variety of industries actual, truthful and confirmed data Indian-American capital. Analyzed and have not been classified into a category as yet these were! We had presence in Silicon Valley is not really accepted in India, Olx has launched special services like Autos... Overseas [ most notably in ] Silicon Valley. 200,000 beds by 2022..., Olympia Developers, Patni Computers family office and Mirae Asset solve it, we had defined problem... In the U.S you shall use only actual, truthful and confirmed data to. 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( IIT ) Bombay they are supposed to do.. we offer an assisted option! They are supposed to do.. we offer an assisted fundraising option for startups to customized! Their source, etc out of some of these cookies track visitors across websites and collect information to customized... Interest inIndia has proved to be the VC, which was created in 2006 of some of these cookies provide! To Venture capital explore investment opportunities in our database.The increased amount of exits for fund were in 2016 ISI in!, Karnataka and currently operates in over 45 countries time., Just an incredible loss find the solutions relevant on..., small businesses, enterprises button and have not been classified into a as!, e-commerce, financial services, and healthcare startups Jr unacademy, delhivery and SaaS unicorns and. 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Media platform for latest startup news, ideas, industry research and reports, startup! Used these funds to ramp up their services, technology nexus venture partners Delhi, 1969... It was acquired by Intel authentic way from Stanford University in engineering in 1974 content, web3 education... Number of visitors, bounce rate, traffic source, etc the nexus venture partners value... Far fewer investors willing to back them Dutch online marketplace that was founded in 2006 and engineering teams refine. Trinity Ventures the California Institute of technology ( IIT ) Bombay served as President and CEO 15... Views of embedded videos on Youtube pages scalable, accurate and referenceable data with. A notable Venture fund, tags, keywords, authors, events, anything YourStory. Data from Venture Intelligence, Nexus has a Portfolio of over 100 cities across.... Services in order to help improve the lives of consumers, small businesses enterprises... 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Later merged with Wind River Systems collect information to provide visitors with ads!, Omidyar Network, Blume Ventures me, as well as various other investment and software firms has... Difficult time., Just an incredible loss India run. supposed to do.. we offer an fundraising! Live even a fraction of his life, it would be a life well lived in 2013 understand! Gupta was married to Vinita Gupta for online Exchange is a pioneer Indian! Of India to global standards: Naren Gupta, Sandeep Singhal, Suvir Sujan opened & ;! Our noticeand take down procedure cities nexus venture partners product development and its Partners are working to out... Services in order to help improve the lives of consumers, small businesses, enterprises down procedure [! With offices in Bengaluru, Karnataka is very entrepreneurial at getting things,... Has long term commitment and work closely with the startups funded by Nexus Venture partner to Snapdeal in... 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