From correspondents in Maharashtra, India, 08:23 PM IST

Nexus India Capital, India’s leading early stage fund today announced the closure of Nexus India Capital II, L.P., a $ 220 million fundwhich will invest in early stage companies with significant market opportunity or delivery presence in India. The fund will focuson domestic consumer and business services, technology, media and cleantech, investing up to 10 million dollars per company.

The Fund was raised in turbulent market conditions and was significantly oversubscribed. The Fund’s investors include leading endowments, foundations, sovereign wealth funds and other institutions from North America, Europe and Asia.

Commenting on the occasion, Mr. Naren Gupta Managing Directorof Nexus India Capital said, “We are delighted to have received such overwhelming support for Nexus, which underscores the attractiveness of the investment opportunity and the expertise of our investment team. The closure of the Fund during the global market meltdown represents a major endorsement of our track record in spotting winners in early stage investments and Investing behind six-sigma entrepreneurswho are creating market leaders”.

Nexus is founded by CEOs of successful high growth global companies– Naren Gupta, Sandeep Singhal and Suvir Sujan. Apart from the founders, the Nexus team includes experienced professionals who support passionate entrepreneurs in building companies that are market leaders.

Nexus typically invests in 6-8 companies each year and works with them to add value as needed. While the amount of Nexus’ involvement in a company depends on the stage of the company and the need of the entrepreneur, support is typically in the form of recruiting senior talent, strategy formulation, making introductions for business development, and guidance for future financings.

Source: Press Release Distribution via India PRwire