Nexus raises new $700-million fund to back India, US startups focused on AI, enterprise, consumer sectors
Cofounder Suvir Sujan told ET that Nexus will back US-only AI and enterprise startups going forward. It expects 4–5 IPOs in the next 2–3 years from its portfolio, which will generate outsized returns, Sujan said. The VC fund has returned around $700 million in cash over the past few years to its limited partners or sponsors in the fund.
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/nexus-raises-new-700-million-fund-to-back-india-us-startups-focused-on-ai-enterprise-consumer-sectors/125780707
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/industry/nexus-raises-new-700-million-fund-to-back-india-us-startups-focused-on-ai-enterprise-consumer-sectors/125780707