Nexus India closes its second fund of $220 million (Rs 960 crore)

Mumbai-based venture firm Nexus India Capital has closed its second fund of $220 million (about Rs 960 crore), more than double its first fund of $100 million. Nexus India’s first fund has been deployed across 13 companies including DimDim, Games2Win, Komli, Kirusa, MapmyIndia and Mobile2Win.

Nexus plans to continue to invest in sub-$10 million early-stage deals in consumer and business services, media and clean technology. However, “our fund now gives us flexibility to invest subsequent rounds in portfolio companies that are doing well and require more capital,” Suvir Sujan, managing director, Nexus India Capital, has said. [Source: LiveMint]