From the Press Release:
Nexus Venture Partners, an early stage venture capital fund, announced today that it is launching a seed stage program called "Nexus Seed" which will help build a stronger entrepreneur ecosystem in India.
Nexus Venture Partners will use the Nexus Seed program to identify and fund high potential entrepreneurs who are building technology and Internet companies. Through this initiative, Nexus will invest Rs. 20 lakhs to 2 crores ($50k-$500k) each in up to 50 companies over the next 5 years. Entrepreneurs are encouraged to submit a summary of their plans to firstname.lastname@example.org.
Nexus Venture Partners is the leading venture capital fund in India with total fund size of $320 million. Apart from investing in early to early growth companies, Nexus has also been incubating and investing in seed stage companies since 2006. These include Sedemac, Scalarc, Vdopia and several others. Many of these companies have gone on to raise further financing and build leadership positions in their markets.
Speaking about the seed program, Dr Naren Gupta, Managing Director of Nexus Venture Partners said, "We are excited to launch this platform to identify and assist entrepreneurs passionate about building leading companies to serve Indian or global markets. This will enable selected entrepreneurs to get access to expert help as well as seed stage capital which they can use to refine the concept and reduce some of the early stage risks."
About Nexus Venture Partners
Nexus Venture Partners (www.nexusvp.com) is India's leading venture capital fund, founded by successful entrepreneurs in India and Silicon Valley. It has $320m under management and an active portfolio of over 25 companies across technology, internet, media, consumer, business services and agribusiness sectors. The Nexus team plays an active role in helping entrepreneurs and management teams build market leading businesses. Some of the companies that Nexus has invested in include Komli (Internet advertisement network), Suminter (Organic farming), Dlight (Solar Lighting), DimDim (Open Source Web Conferencing), Mapmyindia (Digital Navigation), Deccan Pharma (Neutraceuticals), Gluster (Open source storage), Cloud.com (Cloud infrastructure), Pubmatic (Publisher Ad revenue optimization), Prana (Animation services) and Netmagic (Internet Infrastructure).