Fordel StudiosNexus isn’t going all in on AI, keeping half of its new $700M fund for India startups
What Happened
Nexus Venture Partners manages $3.2 billion in capital across its funds and has invested in more than 130 companies over the years.
Our Take
Honestly, this is refreshing. In an AI bubble this thick, a VC saying "we're not betting everything on AI" reads almost contrarian. Half to India startups too — that's smart geography arbitrage nobody's talking about.
Nexus is hedging for the inevitable unwind. When AI hype normalizes (and it will), winners won't be labs burning cash on GPU clusters. They'll be infrastructure plays and India's underpenetrated B2B market where unit economics actually exist. Half the portfolio gets boring, boring returns instead of binary lottery tickets.
The kingmaker play only works if you've hedged your own bets. Nexus just did.
What To Do
Monitor India-focused deeptech funds for undervalued B2B plays; they'll be the acquirers when 2026 AI hype deflates.
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