“Departure of Nexus’ Leading Partner Sameer Brij Verma Signals Launch of Independent Fund”
Sameer Brij Verma, a high-profile investor at the Indian venture firm Nexus, will be leaving the fund later this year, he confirmed to TechCrunch.
Verma plans to launch his own venture firm, with the inaugural fund expected to have a corpus of at least $150 million, a source familiar with the matter said.
The timing of his departure is also peculiar as Nexus raised a $700 million fund, its largest, just last year.
Verma has been working with his portfolio startups to hand over board seats to other partners at Nexus for several months, the source said, requesting anonymity.
Verma plans to launch his own fund by the end of the year where he plans to adopt a strategy that sets him apart from other investment firms in India.
