Nexus India Capital has closed a US$100 mil. venture cap fund to invest in a number of sectors including media, communications and technology. The fund and its portfolio companies will be advised by entrepreneurs and investors in the technology, media, outsourced services, retail and consumer sectors. The founders of the fund and its advisory companies include Naren Gupta, Sandeep Singhal, Suvir Sujan and Intel senior executive Bill Davidow.
Baazee.com co-founder Sujan said, “Smart entrepreneurs realize that they need more than just money. We are successful entrepreneurs who have founded, built and exited companies successfully in the technology, services and consumer arenas. Our entire team of advisors in India and Silicon Valley is accessible to all the entrepreneurs we back for support on strategy, operations, organizational building, sales amongst others.”
Nexus has invested in five innovative companies to date – a mobile Value Added Services (VAS) company (mobile2win), a web collaboration start-up (DimDim) and three others that are soon to be announced.
Source: Asia Media Journal