Nexus MD Sameer Brij Verma quits to open multi-stage fund
Nexus Venture Partners, is set to leave the venture capital firm to start his own investment fund, multiple people in the know told ET.
Verma is in talks to launch a multi-sector, multi-stage fund that will dabble in public markets, along with taking a diversified approach towards early-stage investments, these people said.
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Offering CollegeCourseWebsiteIIM LucknowIIML Executive Programme in FinTech, Banking & Applied Risk ManagementVisitIIM KozhikodeIIMK Advanced Data Science For ManagersVisitIndian School of BusinessISB Product ManagementVisit“Verma will stay on at Nexus for a few months as he transitions out of his current board positions,” one of the persons said. “He is expected to be around at the VC fund till August-September.”
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Verma’s 13-year stint with Nexus saw him invest in startups like enterprise unicorn Postman, edtech platform Unacademy, and Infra.market, which sells construction materials, as he focused on consumer tech, enterprise, SaaS, healthcare, and business-to-business (B2B) commerce verticals. He had backed around 80 startups during his tenure at Nexus.
Modelled on some of the global crossover funds, which deploy capital across early stages in private companies all the way to their IPOs, Verma’s venture will look to hire executives who will work closely with the portfolio firms, said one of the persons cited above. “ The focus will be to bring in people who have help on the operating side. The strategy is to prepare startups to go
