India, July 18 -- Former Nexus Venture Partners' managing director Sameer Brij Verma's new VC fund Northpoint Capital Management has secured about $155 Mn (around INR 1,336 Cr) in commitments from global and domestic limited partners, sources told Inc42.

The fund was set up in October last year, and it claims to back visionary entrepreneurs building category-defining companies in India and globally. Verma quit Nexus in September 2024 amid a slew of changes and exits at prominent VC funds in India.

Verma declined to respond to Inc42's queries on the development, but earlier in the day, ET reported that Northpoint will be raising its maiden fund from global endowment funds, foundations, fund of funds and institutional investors.

Of the c...