Zepto, Rapido investor Nexus closes $700M fund
Nexus's new fund aims to back early-stage companies building in artificial intelligence, enterprise software, consumer tech, and fintech.
Early-stage VC firm Nexus Venture Partners on Thursday said it has raised $700 million as part of its eighth fund, which aims to invest in startups across India and the United States.
Nexus noted that a majority of its limited partners (LPs) from earlier funds returned to invest in its new fund, which will especially focus on artificial intelligence, enterprise software, consumer, and fintech startups at inception, seed, and Series A stages.
These investments are expected to add to the VC’s growing portfolio of companies, which include new-age AI startups like TensorWave and Avoca, as well as established category giants like Zepto, Delhivery, and Rapido.
The firm has invested in more than 130 companies and has achieved over 30 exits, including several initial public offerings.
“The last few years have been surreal for the technology world with trailblazing breakthroughs in generative AI and an unprecedented pace of AI adoption across consumers and businesses alike. From infrastructure to applications, every layer of the tech stack is getting rewritten by AI,” the firm said in a statement.
It added, “Agentic AI is transforming how work gets done, bringing a whole new wave of augmentation and automation across industries.”
Nexus, founded in 2006, invests in both Indian and US startups and manages over $3.2 billion in capital across funds. The firm has an integrated team based in both the US and India.
The VC has become the latest to raise a new fund, after 2025 saw many VCs, including Accel and Blume Ventures, raising fresh capital.
Edited by Suman Singh