Nexus Venture Partners keeps new $700M fund balanced between AI and India-focused startups

Summary

Nexus Venture Partners has closed a new $700 million fund and says it will allocate roughly half to AI companies and half to India-focused startups in sectors like consumer, fintech and digital infrastructure. The U.S.–India firm argues that concentrating solely on AI would be risky despite the current boom, and sees an opportunity to back AI-native Indian startups and infrastructure players such as cloud and sovereign AI providers while continuing its cross-border software investing strategy.