Nexus isn’t going all-in on AI, keeping half of its new $700M fund for India startups
While many venture firms seem to only have eyes for AI these days, Nexus Venture Partners is deliberately splitting its focus for its new $700 million fund. The firm will back AI startups and seek out India-focused startups in consumer, fintech, and digital infrastructure. AI has soaked up most of the venture capital raised globally and the 20-year-old VC firm also sees AI as a defining technological shift. But it argues crowding into a single, overheated category carries its own risks. India’s digital economy provides a counterbalance: an expanding market where AI adoption is rising and opportunities remain more diverse. For Nexus, that balance is rooted in its origins. The Delaware-headquartered firm, with offices in Menlo Park, Mumbai and Bengaluru, has operated as a…
