Venture capital firm Nexus Venture Partners raised a 700 million dollar fund focused on artificial intelligence, enterprise, and consumer startups across India and the United States. The firm expects four to five portfolio companies to pursue IPOs within the next two to three years and recently returned 700 million dollars in cash to limited partners. In the primary market, logistics platform Shiprocket filed an updated draft red herring prospectus for its 2,342 crore rupee IPO , backed by investors including Bertelsmann and Temasek.