By this time, Nexus Venture Partners, one of India’s top venture capital firms, should have been sitting on a substantial pile of cash from the sale of its stake in troubled e-commerce company Snapdeal. Instead, for more than three months, the Mumbai-based firm has fought a bitter (but losing) boardroom battle to save its investment. At this juncture, it may have little choice but to walk away from what could have been its most lucrative bet with its principal investment and pride barely intact.
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