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Sameer Brij Verma , a high - visibility investor at the venture firm Nexus , will be pass on the fund later this yr , he confirmed to TechCrunch , in a move that has sent daze wave through the Indian VC diligence . Verma plans to found his own venture business firm in India , with the inaugural stock expected to have a corpus of at least $ 150 million , a source familiar with the issue said .
The move come as a surprise to the industry , as Verma has been the most prominent face for Nexus Venture Partners , one of the state ’s leading venture firm , and also its most dynamic dealmaker , his match in the industry said .
He contribute or co - led some of Nexus ’ most successful investment , include unicorns Postman , Hasura , Infra.market , Unacademy , and younger firm Ultrahuman , whichannounced new funding Wednesday .
Vermahas earned high praise from India ’s startup founders , including enterpriser who did n’t terminate up getting a spate from Nexus , for his willingness to provide strategic steering and accompaniment .
It ’s the Partners who make the Brand for a Venture Fund and not the other way round . father always select the Partner to work with . Fund is irrelevant . At least in the early stagecoach .
— Gaurav Munjal ( @gauravmunjal)March 21 , 2024
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The timing of his loss is also peculiar , as Nexus raised a $ 700 million stock , its largest , just last year . Any major leading shifts within a firm is expected prior to raw fundraises . Verma has been working with his portfolio startup to hand over control board seats to other cooperator at Nexus for several month , the source said , call for anonymity .
Verma refuse to annotate beyond confirming his plans to leave Nexus .
Verma plans to set up his own fund by the end of the year , when he plans to espouse a strategy that sets him apart from other investment firms in India . He plans to take a more hand - on approach with his portfolio companies , actively engaging in their procedure rather than solely focusing on optimizing for power practice of law returns , fit in to a individual briefed on the affair .
His newfangled investment trust will back startups across stage . Indian daily Economic Timesfirst reportedabout Verma ’s departure plans .
