6 Indian Companies in Which Nexus Venture Partners Invested This Year

Established in December 2006 by Naren Gupta, Sandeep Singhal, Suvir Sujan, Nexus Venture Partners is a venture capital firm specialized in seed, startup, growth capital, and early-stage investments. With decades of experience in building and funding globally leading companies, Nexus manages more than $1 billion across funds. Its footprint in world’s two leading markets (US & India) positions it uniquely with global insights and ability to serve entrepreneurs. Below is a list of Indian companies who have raised funding from Nexus Venture Partners this year.

MoveInSync (raised Series B in April 2018)

MoveInSync Technology Solutions, the leading office commute automation platform, has raised $8 million Series B round of funding led by Nexus Venture Partners with participation from existing investors Inventus Capital Partners, Saama Capital and Qualcomm Ventures. MoveInSync has emerged as the largest office commute platform in the country. The company will use the funding to further develop the end to end transport offerings, accelerate customer acquisition and launch international markets. MoveInSync’s platform enables employers to significantly reduce costs, improve efficiency and compliance of employee transport through best-in-class product. Bengaluru-based MoveInSync was founded in 2009 by Deepesh Agarwal and Akash Maheshwari.

Namaste Credit (raised Series A in April 2018)

Earlier this month, Namaste Credit, a digital marketplace and technology platform for SME loans has raised $3.8 million in a Series A investment round from Nexus Venture Partners. The company will use the funds to grow its geographic footprint, continue to enhance its technology and data analytics platform and further scale its businesses. The company plans to significantly increase its channel partner program across India and further expand its technology licensing partnerships with leading lenders globally. Bangalore-based Namaste Credit was co-founded in 2014 by Lucas Bianchi and Gaurav Anand (ex Moody's) and Krishnan Parameswaran (ex MentorWare, GE).

Goodera (raised Series B in March 2018)

Bengaluru-based Corporate social responsibility (CSR) lifecycle management platform that connects companies with non-profit organisations (NPOs), Goodera has raised Rs 79 crore in its Series B round led by SAIF Partners with participation from existing investors Nexus Venture Partners and Omidyar Network. The startup had raised $5.5 million in a series A round led by Nexus. Founded in 2014 by Abhishek Humbad and Richa Bajpai, Goodera (then NextGen) had raised an undisclosed amount of funding in 2015 from Mumbai Angels and a group of angel investors based out of Bengaluru.

Livhealth (raised Seed round in March 2018)

In March 2018, LiveHealth, a leader in digitizing diagnostic lab workflows has raised a seed round of $1.1M from Nexus Venture Partners. LiveHealth seamlessly digitizes records from diagnostic laboratories through its SaaS platform and makes them available on the cloud to patients and doctors. The funding will be used to expand its platform across India, explore international markets and to strengthen the product and technology. LiveHealth, headquartered in Pune, was founded by Abhimanyu Bhosale & Mukund Malani who started this after graduating from Pune Institute of Computer Technology to pursue their passion to digitize healthcare in India.

Joveo (raised Series A in Feb 2018)

In February, Joveo, Inc, a job advertising technology platform has raised $5 million in Series A funding. The funding round was led by Nexus Venture Partners. Joveo said that the company will use the recently raised funding to continue to accelerate its product offerings, expand its partnerships and scale its AI/deep learning layer. Apart from the funding announcement, the company also announced their acquisition of Ripple Media Inc., a programmatic media buyer which partners with agencies to provide an open publisher marketplace and trading expertise. Hyderabad based Joveo which was founded by Kshitij Jain, has 10 Fortune 500 companies using their offering.

Pratilipi (raised Series A in Feb 2018)

In February, Nasadiya Technologies’ run self-publishing platform Pratilipi has raised $4.3mn in Series A round of funding led by Omidyar Network with participation from existing investors, Nexus Venture Partners, Atul Goel, Contrarian Capital and Times Internet Limited and new investors Shunwei Capital and WEH Ventures. The company had previously raised $1mn in its seed round in February 2016 led by Nexus Venture Partners. The funds will be used to expand and strengthen the existing team in the areas of product, technology and data science and also for further growth and partnerships. Incorporated in March 2015, Pratilipi is the largest Indian language self-publishing platform currently operational in 8 Indian languages. Bengaluru-based Pratilipi has a current team size of 31 people and was started by five co-founders, Sankaranarayanan Devarajan, Rahul Ranjan, Sahradayi Modi, Prashant Gupta and Ranjeet Pratap Singh.

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