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Sameer Brij Verma, a high-profile investor on the Indian enterprise agency Nexus, will likely be leaving the fund later this 12 months, he confirmed to TechCrunch. Verma plans to launch his personal enterprise agency, with the inaugural fund anticipated to have a corpus of not less than $150 million, a supply accustomed to the matter mentioned.
The transfer comes as a shock to the trade as Verma has been probably the most distinguished face for Nexus Enterprise Companions, one of many nation’s main enterprise corporations, and in addition its most lively dealmaker, his friends within the trade mentioned.
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 introduced 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 assist.
The timing of his departure can also 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 together with his portfolio startups at hand over board seats to different companions at Nexus for a number of months, the supply mentioned, 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 corporations in India. He plans to take a extra hands-on strategy together with his portfolio corporations, actively partaking of their operations relatively than solely specializing in optimizing for energy regulation returns, in line with an individual briefed on the matter.
His new fund will again startups throughout phases. Indian day by day Financial Occasions first reported about Verma’s departure plans.
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