Page 2 - Nexus Venture Partners

Nexus Select Trust acquires 17 malls; to continue inorganic growth post IPO

Blackstone-sponsored Nexus Select Trust, which will soon launch Rs 3,200 crore retail REIT public issue, has acquired 17 shopping malls in the last seven years and will further expand portfolio through inorganic route as it remain bullish about retail consumption. Nexus Select Trust will hit the capital market on May 9 to raise up to Rs 3,200 crore through its retail REIT Initial Public Offering (IPO) and this includes fresh issue of units worth up to Rs 1,400 crore and an Offer For Sale (OFS) of up to Rs 1,800 crore. The company has fixed the price band at Rs 95 per unit to Rs 100 per unit for the proposed issue scheduled to close on May 11. This will be India's first REIT (Real Estate Investment Trust) IPO backed by rent yielding retail real estate assets. At present, there are three listed REITs on stock exchanges but all backed by office assets. Nexus Select Trust has a portfolio of 17 operational shopping malls, including Delhi's premium Select City Walk, across 14 major citie

Nexus Venture to raise $700 mn fund to bet on domestic, US tech startups

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

Doola raises $8 million in funding from Nexus Venture Partners

The funding round was led by Nexus Venture Partners with participation from the Y Combinator Continuity Fund, among others

Vahak raises $14mn in series A round led by Nexus Venture Partners

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

ToolJet raises $1.5 mn in seed funding round led by Nexus Venture Partners

The company intends to use the funding for team expansion to accelerate the development of the core platform of ToolJet

Neuron7 raises $4.2 mn from Nexus Venture Partners, Battery Ventures

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 raises $5 mn led by Sequoia Capital's Surge, Nexus Venture Partners

OneCode's mission is to digitise 50 million sales agents across India, and bridge the gap between brands and potential buyers

Cred boss, Unacademy co-founder, others back healthcare startup Onsurity

The startup which began its journey last Feb has on boarded 700 SMEs as healthcare partners

B2B ecommerce platform Jumbotail raises $11 million from Heron Rock, others

The Bengaluru-based startup that serves 30,000 kirana stores will use the funds to scale its core B2B marketplace to new geographies

US-funded startup hub Nexus looks to go beyond Delhi with new partners

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, Naspers pitch in to raise $5.3 mn for two-year-old firm Paysense

Nexus is investing in the company for the second time; it had led a $2.3 mn seed funding in 2015

Nexus still holding out on merger of Flipkart-Snapdeal

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 ...