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Sameer Brij Verma, a high-profile investor on the Indian enterprise agency Nexus, can be leaving the fund later this yr, he confirmed to TechCrunch. Verma plans to launch his personal enterprise agency, with the inaugural fund anticipated to have a corpus of a minimum of $150 million, a supply acquainted with the matter mentioned.
The transfer comes as a shock to the trade as Verma has been essentially the most distinguished face for Nexus Enterprise Companions, one of many nation’s main enterprise corporations, and in addition its most energetic 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 offer strategic steering and help.
The timing of his departure can be peculiar as Nexus raised a $700 million fund, its largest, simply final yr. Any main management shifts inside a agency is predicted 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 mentioned, requesting anonymity.
Verma declined to remark past confirming his plans to go away Nexus.
Verma plans to launch his personal fund by the top of the yr the place he plans to undertake a method that units him other than different funding corporations in India. He plans to take a extra hands-on method along with his portfolio corporations, actively participating of their operations somewhat than solely specializing in optimizing for energy legislation 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.
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