NuVentures Launches $75 Mn Fund To Back Indian Founders

NuVentures, an early-stage venture capital firm founded by Venk Krishnan in 2015, has launched a new $75 million fund.

Based in the US, NuVentures's fund to support founders with strong ties to india.

Krishnan has been involved in the Indian startup scene since 2002, starting with investments in NetKraft and Mu Sigma, followed by over 47 other investments in companies like Third Wave Coffee, BigBasket, Acko and HomeLane.

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Krishnan believes NuVentures has grown into a more structured firm, making investments that offer real value, unlike his earlier, passion-driven investments.

The fund plans to invest in 4-5 startups each year, with investments between $250k and $750k. NuVentures has already secured backing from the Fund of Funds and US-based high-net-worth individuals and has invested in four startups, including one founded by Carnegie Mellon alumni.

For now, most of NuVentures' investments will be in US-based startups, with some from India. The main focus areas will be AI, SaaS, and consumer tech.

The firm also aims to protect minority investors. Additionally, there will be a change in how investment decisions are made. Previously, Krishnan made decisions alone, but now he has added three new partners—Visveswaran Kartik, Neel Mukerji and Prabhakar DJ—to make decisions together.

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