Nexus Venture Partners has announced that it is launching the ‘Nexus Seed’ program. This program, reportedly, would help build the entrepreneus ecosystem in India. Nexus Venture Partners will use the
Nexus Venture Partners has announced that it is launching the ‘Nexus Seed’ program. This program, reportedly, would help build the entrepreneus ecosystem in India. Nexus Venture Partners will use the program to identify and fund high potential entrepreneurs who are building technology and Internet companies. Through this initiative, Nexus will invest Rs. 20 lakhs to 2 crores ($50k-$500k) each in up to 50 companies over the next 5 years.
Speaking about the seed program, Dr Naren Gupta, Managing Director of Nexus Venture Partners said, "We are excited to launch this platform which will identify and assist entrepreneurs who are passionate about building leading companies to serve Indian or global markets.”
“ This will enable selected entrepreneurs to get access to expert help as well as seed stage capital which they can use to refine the concept and reduce some of the early stage risks," he further said.
Nexus Venture Partners is one of the leading venture capital funds in India with total fund size of $320 million. Apart from investing in early to early growth companies, Nexus has also been incubating and investing in seed stage companies since 2006. These include Sedemac, Scalarc, Vdopia and several others.
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