Nexus Venture in talks to raise $700-M for 7th fund to bet on India, US tech startups: report

Nexus Venture Partners is in advanced talks to raise a USD 700 million fund to invest in Indian internet and technology startups and US-based software firms. The fund will be the biggest raised in India after Sequoia's USD 2.85 Billion fund in mid-2022. The new fund will be the seventh for Nexus and will take the firm's assets under management to more than USD 2 Billion. Some of Nexus' existing investors include global pension funds, billionaire family offices and endowment funds. The new fund has received a strong response from endowments.