Sameer Brij Verma, a high-profile investor on the enterprise agency Nexus, will probably be leaving the fund later this 12 months, he confirmed to TechCrunch, in a transfer that has despatched shockwaves by way of the Indian VC business. Verma plans to launch his personal enterprise agency in India, with the inaugural fund anticipated to have a corpus of at the least $150 million, a supply aware of the matter stated.
The transfer comes as a shock to the business as Verma has been probably the most outstanding face for Nexus Enterprise Companions, one of many nation’s main enterprise companies, and in addition its most lively dealmaker, his friends within the business stated.
He led or co-led a few of Nexus’ most profitable investments together with unicorns Postman, Hasura, Infra.market, Unacademy in addition to youthful agency Ultrahuman, which announced new funding Wednesday.
Verma has earned excessive reward from India’s startup founders, together with entrepreneurs who didn’t find yourself getting a deal from Nexus for his willingness to supply strategic steering and help.
The timing of his departure can be peculiar as Nexus raised a $700 million fund, its largest, simply final 12 months. Any main management shifts inside a agency is anticipated previous to new fundraises. Verma has been working along with his portfolio startups handy over board seats to different companions at Nexus for a number of months, the supply stated, requesting anonymity.
Verma declined to remark past confirming his plans to go away Nexus.
Verma plans to launch his personal fund by the tip of the 12 months the place he plans to undertake a method that units him aside from different funding companies in India. He plans to take a extra hands-on method along with his portfolio firms, actively participating of their operations somewhat than solely specializing in optimizing for energy regulation returns, in accordance with an individual briefed on the matter.
His new fund will again startups throughout levels. Indian each day Financial Instances first reported about Verma’s departure plans.
