List of top 10 investments by Nexus Venture Partners in India

Silicon Valley and Bengaluru-based early growth stage venture capital firm Nexus Venture Partners was founded by Sandeep Singhal, Naren Gupta, and Suvir Sujan in 2006. The firm comprises of seasoned investors and ex-entrepreneurs guiding startups during the early phases of their growth.

Nexus Venture Partners invests in early growth stage startups with an investment ranging from $500,000 to $10 million. It also participates in the follow-on investments in later stage startups that successfully execute their plans.

The firm manages more than $1.5 billion across funds, with a footprint across two leading markets, the US and India. It has invested in some of the leading Indian startups and helped them scale their businesses to achieve spectacular growth.

Here is a comprehensive list to top 10 investments by Nexus Venture Partners in India:

Contents

Delhivery

Gurugram-based e-commerce logistics unicorn Delhivery was founded by Sahil Barua, along with Mohit Tandon, Bhavesh Manglani, Suraj Saharan, and Kapil Bharati in 2011. It provides end-to-end logistics solutions for e-commerce businesses including last mile delivery, warehousing, and management through its technology platform.

The logistics giant Delhivery has a presence in more than 1,200 cities, handling over 3,50,000 products per day for over 3,000 clients across India.

Nexus Venture Partners last participated in an $85 million series D round led by Tiger Global Management in March 2015. While it first invested in Delhivery in September 2013, helping it raise $6 million in series B round.

Snapdeal

New Delhi-based e-commerce startup Snapdeal was founded by Kunal Bahl and Rohit Bansal in 2010. Snapdeal provides an online marketplace offering various products across different categories like electronics, mobile, books, fashion, and computers, among others.

While it was a promising investment for Nexus Venture Partners, Snapdeal has been finding it hard to compete with its rivals Flipkart and Amazon, both of them are flush with cash and are aggressively gaining market share through huge discounts, cashbacks, and other incentives.

Snapdeal last raised ₹113 crores in a funding round led by Nexus Venture Partners in May 2017. Nexus first invested in Snapdeal in early 2014, when it participated in a series D round, helping it raise over $133 million.

ShopClues

Gurugram-based online shopping platform ShopClues was founded by Sanjay Sethi, Radhika Aggarwal, and Sandeep Aggarwal in 2011. It provides an online marketplace to offer various products to its customers at the click of a button.

This online shopping platform was first discovered by Nexus Venture Partners in early 2013 when it helped ShopClues raise $10 million.

Paysense

Mumbai-based fintech startup Paysense was founded by Prashanth Ranganathan and Sayli Karanjkar in 2015. It provides a technology platform to facilitate easy and quick loans through its partner NBFC IIFL. It provides instant loans up to ₹2 lakhs in more than 30 cities across India.

Nexus Venture Partners was one of the first institutional investors in the fintech startup. It led a $2.3 million seed funding round for Paysense in January 2015. The venture capital firm continued follow-on investments, it also participated in Paysense’s most recent series B funding led by PayU in July 2018.

Housing.com

Mumbai-based online real-estate search portal Housing.com was founded by Rahul Yadav, along with other friends from IIT Bombay in 2012. It provides a platform to help its customers find a house of their choice based on their parameters like cost range, location,  and the number of rooms, among others.

Nexus Venture Partners helped Housing.com first raise $19 million in a funding round in June 2014.

Craftsvilla

Mumbai-based online marketplace for ethnic wear Craftsvilla was founded by Manoj Gupta and Monica Gupta in 2011. It provides a wide range of fashion options with more than 2 lakh products from over 2,000 brands.

Nexus Venture Partners first invested in Craftsvilla leading a $1.5 million series A round in June 2012.

Unacademy

Bengaluru-based elearning startup Unacademy was founded by Gaurav Munjal, Roman Saini, Hemesh Singh, and Sachin Gupta. It was first launched as an educational YouTube channel in 2011 and later as a platform in 2015. Unacademy has more than 50,000 online lessons, along with 1.3 million registered users, taught by around 4,000 educators.

Nexus Venture Partners has been an early investor in the edtech startup. It first led a $4.5 million series A round in January 2017. In July 2018, Nexus Ventures led a $21 million series C round.

Jumbotail

Bengaluru-based Jumbotail was founded by Ashish Jhina, Ashish Jhina, and Karthik Venkateswaran 2015. It provides an online B2B marketplace to connect neighbourhood stores with their suppliers.

Nexus Venture Partners has continued to invest in Jumbotail since it invested $2 million in seed funding in July 2016. Later, Jumbotail raised $8.5 million in series A round led by Nexus Venture Partners in July 2017.

Zolo

Bengaluru-based co-living solutions provider Zolo was founded by Nikhil Sikri, an alumnus of AIIMS, along with Akhil Sikhri, an IIT Delhi graduate in 2015. It offers quality co-living spaces to students and young professional through its technology platform. The rooms offered have various facilities like security, internet services, furnished rooms, hygienic, and healthy food, among others.

In January 2017, Zolo raised $5 million in a series A round led by Nexus Venture Partners.

Lybrate

New Delhi-based online doctor consultation platform Lybrate was founded by Saurabh Arora and Rahul Narang in 2013. It provides an online platform to connect doctors with patients, book appointments and seek online consultation from doctors.

Nexus Venture Partners invested $1.2 million in Lybrate’s earliest venture funding round. Later in July 2015, Lybrate raised $10.2 million in series A round with participation from Nexus Ventures.

Nexus Ventures has been aggressively picking up stake in new Indian startups and continues to guide them through their early growth journey. The vast experience of the venture capital firm will be instrumental in helping the overall Indian startup ecosystem.

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