Nexus Venture Partners dedicates largest fund yet to India-U.S. exchange

One of India’s leading venture capital firms, Nexus Venture Partners, has amassed its largest fund to date.

This $270 million pool is dedicated to fueling the country’s technology scene by helping Indian startups penetrate international markets. It will also be used to help U.S. startups tap into India’s emerging markets.

The Nexus III fund will focus on early stage companies as well as promising entrepreneurs looking for seed money. Its mission is to give fledging businesses the boost they need to become successful, both at home and abroad, and to establish a global presence.

“India has the talent to build leading global companies,” said cofounder Naren Gupta. “We want to play a role in creating the ecosystem where passionate entrepreneurs can realize their dreams.”

Nexus has an active portfolio of over 40 companies, which have achieved nearly $1 billion in total exit value. It typically makes 6-8 investments a year of up to $10 million. Portfolio companies include Cloud.com, Gluster, Pubmatic, DimDim, Sneapdeal.com, MayMyindia, and Netmagic.

The firm was formed in 2006, with previous committed funds of $100 million and $220 million closing in 2007 and 2008 respectively. It is based in Mumbai and Silicon Valley.