TLDR:
- Sameer Brij Verma, managing director at Nexus Venture Partners, is leaving to start his own investment fund.
- Verma’s new fund will be multi-sector and multi-stage, focusing on public markets and early-stage investments.
Sameer Brij Verma, managing director at Nexus Venture Partners, is leaving the venture capital firm to start his own investment fund. Verma will launch a multi-sector, multi-stage fund that will focus on public markets and early-stage investments. The fund is expected to be $150-200 million in size, with Verma as the solo general partner and a team of around a dozen executives. Verma has a 13-year track record of investing in startups in various sectors like enterprise, edtech, and healthcare. His departure from Nexus comes after the firm raised its largest India fund of $700 million in 2023. Verma’s new venture will follow a similar model to global crossover funds, aiming to prepare startups for IPOs in five to six years. The fund will target startups with valuations of $500-600 million and plans to invest in a diversified range of sectors beyond technology and consumer deals typically associated with VC funds.
