Nexus Venture Partners MD Sameer Brij Verma Set to Exit; Launches Multi-Stage Fund

• ByStartupStory     |    March 21, 2024

Sameer Brij Verma, a distinguished managing director at Nexus Venture Partners, is poised to conclude his illustrious 13-year tenure with the renowned firm. According to an exclusive report by The Economic Times, Verma is on the brink of embarking on a new entrepreneurial journey, as he gears up to unveil his very own investment fund.

The forthcoming venture, as disclosed by sources privy to the matter, will materialize as a multi-sector, multi-stage fund, spanning both public markets and early-stage investments. Verma, acknowledged for his astute investment acumen and strategic foresight, is slated to remain at Nexus for a brief transitional period, anticipated to draw to a close by August-September.

Nexus Venture Partners refrained from commenting on the development, preserving the confidentiality surrounding Verma’s impending transition. However, insights gleaned from the report shed light on the ambitious aspirations underpinning Verma’s entrepreneurial endeavor.

The fund, with a substantial size ranging between $150-200 million, is poised to empower startups across diverse sectors, with a keen focus on orchestrating their trajectory towards Initial Public Offerings (IPOs) within the ensuing five to six years. Notably, Verma envisages nurturing startups towards valuations ranging between $500-600 million, indicative of his unwavering commitment to fostering innovation and sustainable growth within the entrepreneurial ecosystem.

In assuming the role of a solo general partner, Verma will be bolstered by a seasoned team comprising approximately a dozen executives, poised to offer strategic guidance and operational support to burgeoning startups. The fund is slated to extend initial investments ranging from $4-5 million, with provisions for scaling companies to avail funding up to $10-12 million.

In a statement shared on his LinkedIn profile, Verma reflected on his profound journey, expressing gratitude for the myriad opportunities to collaborate with visionary entrepreneurs and contribute towards their transformative journeys. “I am immensely proud of the journey we’ve embarked upon at Nexus Venture Partners, and I’m thrilled to commence a new chapter in my entrepreneurial voyage,” remarked Verma.

Verma’s tenure at Nexus Venture Partners has been marked by a string of notable achievements, having spearheaded investments in industry-leading unicorns such as Zomato, Pristyn Care, Unacademy, and Paytm. Additionally, Verma’s role as a founding investor in Ultrahuman, a pioneering health-focused smart wearables manufacturer, underscores his unwavering commitment to catalyzing innovation across diverse sectors.

Founded in 2006, Nexus Venture Partners has emerged as a trailblazer within the venture capital landscape, distinguished for its unwavering commitment to fostering technological innovation and nurturing transformative startups. With a strategic focus on early to growth-stage companies, Nexus has carved a niche for itself across diverse sectors encompassing consumer internet, enterprise software, healthcare, and fintech.

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