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Nexus will invest the new funds in early stage funding rounds of Indian internet and technology startups, as well as U.S.-based software firms
The funding round was led by Nexus Venture Partners with participation from the Y Combinator Continuity Fund, among others
Deal takes total fundraise to $20 mn; Vahak is a free-to-use, open marketplace for shippers and transport SMEs to discover and connect with truckers to help with their transportation needs
The company intends to use the funding for team expansion to accelerate the development of the core platform of ToolJet
Cloud software start-up Neuron7 on Tuesday said it has raised seed investment of $4.2 million from Nexus Venture Partners and Battery Ventures.
OneCode's mission is to digitise 50 million sales agents across India, and bridge the gap between brands and potential buyers
The startup which began its journey last Feb has on boarded 700 SMEs as healthcare partners
The Bengaluru-based startup that serves 30,000 kirana stores will use the funds to scale its core B2B marketplace to new geographies
Started exclusively in India by the American Center, the Nexus Startup Hub has trained more than 90 startups through 9 cohorts each with a 10-week programme
Nexus is investing in the company for the second time; it had led a $2.3 mn seed funding in 2015
SoftBank needs a final, crucial, aye from Nexus Venture Partners, an early investor in online marketplace Snapdeal, to deal on the proposed merger of the latter into larger rival Flipkart. However, with the most to lose from the acquisition, the venture capital (VC) entity is trying for a hard bargain. SoftBank, the Japanese investment firm which has majority stake in Snapdeal, is looking to close the deal this week, sources said.Softbank began the conversation last month, to urge a merger of Snapdeal into Flipkart. Since then, it has engaged NVP and Kalaari Capital, early investors in Snapdeal, to agree on terms for a fire sale of the Delhi-based e-commerce platform, in return for a stake in Flipkart. Both VC entities had wanted SoftBank to give a higher valuation, by including Snapdeal units Vulcan Express and Unicommerce in this.Kalaari reportedly finally came on board last week to SoftBank's terms but NVP is still to do so; it wants the best deal possible on its $12 million ...