Nexus Venture Partners, which backs early-stage startups in India and the US, has closed its eighth fund at $700 million, per an announcement.
With the new fund, the firm plans to step up its investments in AI, enterprise software, consumer tech, and fintech startups at the inception, seed, and Series A stages in both markets.
The firm said most of the limited partners (LPs) in Nexus VIII are returning investors from its earlier funds.
Founded in 2006, Nexus launched its first fund the following year with a $100-million corpus and grew its fund size to $485 million by its sixth fund in 2021. In 2023, the firm raised $700 million for its seventh fund, the same amount it has raised for its latest fund.
Nexus claims to manage $3.2 billion in capital across funds and counts software startup Postman, quick commerce unicorn Zepto, device intelligence platform Fingerprint, and logistics giant Delhivery, among its portfolio.
The firm says it has so far parked capital in over 130 companies and achieved over 30 exits, including several IPOs.
Among other fundraising developments in the VC space recently, Fireside Ventures closed its fourth fund at Rs 2,265 crore (around $253 million) earlier this week. The consumer-focused venture capitalist said it plans to back the rapidly expanding new-age consumer brands in the country.
According to data available with Venture Intelligence, PE-VC firms have raised over $9.48 billion in India through November 6, 2025, a 32% jump over 2024. This also marks the second-highest annual total in the last five years, after 2022, when $11.56 billion was raised.
