Kumar joined Nexus as a venture partner<\/a> \u2013 a role centred on working closely with portfolio companies on operational and strategic matters rather than leading investments \u2013 in May 2024.<\/p>\nInc42 has reached out to Nexus and Kumar for comments on the exit. The story will be updated on receiving responses.\u00a0<\/p>\n
Kumar cofounded daily essentials startup SuprDaily, along with Shreyas Nagdawane and Rohit Jain, in 2015. The startup was acquired by Swiggy in 2021 and was later merged into the foodtech major\u2019s quick commerce arm Instamart in 2024.<\/p>\n
Before joining Nexus, Kumar spent about a year at Y Combinator as a group visiting partner, where he worked closely on startup selection and demo day processes for the accelerator\u2019s summer and winter batches.<\/p>\n
Kumar\u2019s exit comes shortly after Nexus closed its eighth fund, Nexus Ventures VIII, with a corpus of $700 Mn. The fund will focus on backing early stage startups across India and the US in sectors such as AI, enterprise technology, consumer services and fintech.<\/p>\n
Notably, the firm\u2019s previous fund, which closed in 2023, also had a corpus of $700 Mn.\u00a0<\/p>\n
Founded in 2006 by Naren Gupta, Sandeep Singhal and Suvir Sujan, Nexus Venture Partners primarily invests in seed and Series A startups. It currently manages $3.2 Bn across eight funds, with its investor base comprising global pension funds, family offices and endowments.<\/p>\n
Nexus\u2019 portfolio includes listed logistics major Delhivery, IPO-bound Infra.Market, quick commerce startup Zepto, ride-hailing firm Rapido and SaaS unicorn Postman, among others.\u00a0<\/p>\n
In October last year, the firm doubled down on Zepto by participating in its $450 Mn funding round. Overall, Nexus has invested in more than 130 startups and exited around 30 companies, including Delhivery, MapmyIndia, Unicommerce, PaySense and SEDEMAC.<\/p>\n
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