Naren Gupta Death – 73-year-old co-founder of Nexus Venture Partners, Narendra Gupta is dead. Naren Gupta died on December 25, 2021. However, details regarding his cause of death has not been announced.
In the late 1960s, Naren Gupta co-founded Integrated Systems, a software firm that was ultimately sold to Intel. He left and continue advancing in investment opportunities.
“My introduction to venture capital and investment was really accidental,” he said in a podcast last year. “I really had no plans to do it. But the opportunity seemed good, and I met lots of entrepreneurs and once in a while, I made investments.”
One of the earliest investments Gupta made was in an Indian startup, which against his urging, agreed to an acquisition offer. The deal made Gupta realize that if he had a formal venture fund, his portfolio startups would be in a position to take longer-term bets.
“That’s why I got interested in venture in India. In 2005 and 2006, I made a number of trips and met hundreds of companies,” he recalled in the podcast.
It was a bold bet. There were very few startups in India then and far fewer investors to back them. Nexus was focusing on startups that solve problems faced by large enterprises. Its bet was that enterprises across the globe would find these solutions relevant.
“Technology really does not follow any political boundaries. What we were able to do early on was bring the U.S. norms and approach to building companies and mix that with the Indian talent and Indian capability to get things done. India is very entrepreneurial at getting things done,” he said.
After that, he cofounded Nexus Venture Partners, which today operates over $2 billion assets under management. The firm has backed several promising startups including API platform Postman, online classifieds platform Olx, coding platform WhiteHat Jr, and edtech Unacademy.
He is survived by his wife, Vinita Gupta, and two daughters. His Obituary and Funeral arrangements will be announced in later date.