Nexus isn't going all-in on AI, keeping half of its new $700M fund for India startups | TechCrunch
Briefly

Nexus isn't going all-in on AI, keeping half of its new $700M fund for India startups | TechCrunch
"AI has soaked up most of the venture capital raised globally and the 20-year-old VC firm also sees AI as a defining technological shift. But it argues crowding into a single, overheated category carries its own risks. India's digital economy provides a counterbalance: an expanding market where AI adoption is rising and opportunities remain more diverse. For Nexus, that balance is rooted in its origins. The Delaware-headquartered firm, with offices in Menlo Park, Mumbai and Bengaluru, has operated as a single fund and an integrated U.S.-India team since its founding in 2006."
"Over time, its cross-border software bets have encompassed a range from infrastructure and developer tools to AI agent startups. U.S. portfolio includes companies such as Postman, Apollo, MinIO, Giga, and Firecrawl, which have become widely adopted in developer tooling and AI infrastructure. Meanwhile its India portfolio has broadened across consumer, fintech, logistics, and digital infrastructure. Some of its bets there include Zepto, Delhivery, Rapido, Turtlemint, and Infra.Market"
Nexus Venture Partners is launching a $700 million fund that will back AI startups alongside India-focused companies in consumer, fintech, and digital infrastructure. The firm recognizes AI as a defining technological shift while avoiding concentration risk by balancing investments with opportunities in India's expanding digital economy. Nexus operates as a single fund with integrated U.S.-India teams since 2006 and manages $3.2 billion in capital. The firm's portfolio spans U.S. software and AI infrastructure companies as well as Indian consumer, logistics, and fintech startups, with over 130 investments and more than 30 exits.
Read at TechCrunch
Unable to calculate read time
[
|
]