Nexus India Capital Advisors
India’s Zepto raises $200m at $1.4bn valuation
Indian grocery delivery start-up Zepto has raised a USD 200m Series E round led by StepStone Group at a valuation of USD 1.4bn.
India's Iron Pillar leads $30m round for logistics SaaS company
Iron Pillar and Uncorrelated Ventures have co-led a USD 30m investment in Pando, a US-headquartered logistics software-as-a-service (SaaS) provider with an India-based development team.
India's Nexus Venture closes Fund VII on $700m
Nexus Venture Partners has reached a final close on its seventh India venture capital fund with USD 700m in commitments, taking the firm’s total assets under management past the USD 2bn mark.
India's Delhivery completes $674m IPO
Indian e-commerce logistics provider Delhivery raised INR 52.4bn (USD 674m) in a domestic IPO but was unable to sustain first-day price gains with the stock sliding towards the offering price by May 26.
India's Turtlemint closes $120m Series D
Amansa Capital, Jungle Ventures, and Nexus Venture Partners have led a USD 120m Series E round for Indian online insurance broker Turtlemint, taking its valuation close to the USD 1bn mark.
Swiggy leads $180m Series D for India's Rapido
Indian motorcycle taxi platform Rapido has raised USD 180m in Series D funding led by local on-demand delivery platform Swiggy.
New Zealand's AskNicely raises $32m Series B
Five Elms Capital, a specialist growth investor in software start-ups globally, has led a USD 32m Series B round for New Zealand and US-based customer feedback platform AskNicely.
Nexus co-founder Naren Gupta dies aged 73
Naren Gupta, a co-founder of Nexus Venture Partners who is acknowledged as one of the pioneers of venture capital in India, has died at the age of 73.
PE-backed Delhivery files for India IPO
India-based e-commerce logistics provider Delhivery is looking to raise up to INR74.6 billion ($1 billion) through a domestic IPO that would facilitate partial exits for The Carlyle Group, Fosun Group, SoftBank Vision Fund 1, and Times Internet.
India SaaS: Global first
India’s enterprise software start-ups have traditionally ceded the spotlight to their consumer-facing peers, primarily because of their outlook – and their VC backers – are US-oriented. That is now changing
SoftBank leads $150m round for India's Unacademy
SoftBank has led a $150 million round for Indian education technology provider Unacademy, confirming the start-up’s unicorn status with a valuation around $1.4 billion.
Trio of Indian short video apps raises funding
Indian short video apps Chingari, Mitron and Trell have all received venture capital backing as they look to slowly fill a void left by the suspension of ByteDance-owned TikTok’s operations in the country.
India's Byju's acquires online coding school
Byju’s, an Indian online learning platform backed by several PE and VC firms, has acquired WhiteHat Jr, a platform that helps students learn to code.
India's Unacademy moves to form edtech group
Indian online education platform Unacademy has acquired a majority stake in industry peer Mastree. It is the company's second acquisition in recent weeks, suggesting a consolidation strategy within the space.
Investcorp leads $56m round for India co-living operator
Investcorp has led a $56 million Series C round for Indian managed co-living accommodation platform operator Zolo.
Nexus leads Series A for Indian enterprise automation platform
Nexus Venture Partners has led an $18 million Series A round for Jiffy, an Indian software start-up that helps companies automate back-office processes.
CPPIB cleared to invest in India's Delhivery
Canada Pension Plan Investment Board (CPPIB) has been cleared to acquire a stake of up to 8% in Indian e-commerce logistics service provider Delhivery.
India's Unacademy secures $50m Series D
Indian education platform operator Unacademy has closed a $50 million Series D round from a group of investors including Sequoia Capital India.
India's VC-backed Druva raises $130m
Druva, a provider of cloud data protection and management services founded in India, has raised a $130 million investment led by Viking Global Investors.
India's VC-backed Postman raises $50m Series B
Postman, a software development tool creator with operations in India and the US, has raised a $50 million Series B round led by Charles River Ventures (CRV), with participation by existing investor Nexus Venture Partners.
India grocery platform raises $13m
Indian online food and grocery wholesale platform Jumbotail has raised more than INR900 million ($13 million) in a Series B round led by Canadian venture capital firm Heron Rock Fund.
Qiming leads $15m round for Indian publishing platform
Qiming Venture Partners has led a $15 million Series B round for Pratilipi, a publisher of Indian vernacular language content.
India's Zolo secures $30m Series B
Indian managed accommodation platform operator Zolo has raised $30 million in Series B funding from a group of investors including IDFC Alternatives.
Nexus leads $8m Series A for India-US BPO platform
Nexus Venture Partners has led an $8 million Series A funding round for Observe.AI, a business process outsourcing (BPO) services provider based in the US and India.