Nexus Venture Partners closes $700-M VC fund

Venture capital firm Nexus Venture Partners, which has backed Delhivery, Zepto, Rapido and software unicorns such as Postman, Druva, and Hasura, has closed ts latest fund at USD 700 million. Limited Partners in the fund include several global pension funds, family offices as well as endowment funds. Nexus Ventures VII will continue to back entrepreneurs in the US and India, across segments such as artificial intelligence, software-as-a-service (SaaS), fintech, and e-commerce. Founded in 2006, Nexus Venture Partners was one of the first Indian venture capital firms to invest in software startups across India and the US.