Nexus Venture to raise $700 mn to invest in tech startups: Report

Mumbai-based Nexus Venture Partners is in advanced talks to raise a $700 million fund to invest in Indian and US-based technology firms, Reuters reported. Nexus' current investments include Indian logistics firm Delhivery, online education firm Unacademy and US-based software companies PubMatic and Postman. The fund will take the firm's assets under management to more than $2 billion.