CargoFL Raises Rs 6.75 Cr In Seed Round Led By YourNest Venture Capital
BW Online Bureau | January 03, 2025 Pune-based B2B technology ecosystem for logistics, CargoFL, raises ₹6.75 crore in its seed…
Focused on disruptive technologies to enhance the way mankind leverages the value of time, this US$ 69 mn fund will invest in startup founders across a spectrum of DeepTech domains: AI, IoT, Robotics, AR/VR/MR, Dev. Tools, Edge Cloud and other Digital products.
As always, our intent is to create an opportunity for Indian entrepreneurs to scale into global markets with IP-led innovations: many of our portfolio companies in YourNest VC Fund II have secured patents and attracted customers in international markets.
From its inception, YourNest was conceptualised as a venture capital firm that would invest more than money: it created the unique concept of Nurture Capital to provide young, daring founders an enabling eco-system. Keeping this in mind, the team at YourNest comprises General & Venture Partners, full-time Employees and Advisors & Mentors.
At YourNest, we engage with startups which have an idea that has been translated into a product or service and must have customer validation. Currently, more than 150 entrepreneurs and professionals have participated in YourNest Angel Fund and YourNest India VC Fund II. The investors’ experience spans industries like Telecom, Information Technology, Infrastructure, E-Commerce, Financial Services, Private Equity, FMCG, Education, Automobiles, Manufacturing and Consulting.
We adopt a three-pronged approach towards investing that focuses on delivering superior returns, mitigating risks and executing healthy exits. A prime example of this is Uniphore, now a leading conversational AI player in international markets and one of our early investments in YourNest Angel Fund in 2014 with an entry valuation of US$ 3.5 mn. When we exited in June 2020, Uniphore was valued at US$ 160 mn (and continues to grow). To deliver superior returns YourNest focuses on: Startup Team Selection Criteria; Fair Valuation at an early stage to lead the first round of funding; Easy Accessibility to the team with supportive sessions on business progress and strategy; Team Building and Executive Development; Establishing Systems and Process to ensure operational efficiency; On-demand Access to an Advisory Network; Operational Freedom for founders to build and manage their business.
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BW Online Bureau | January 03, 2025 Pune-based B2B technology ecosystem for logistics, CargoFL, raises ₹6.75 crore in its seed…
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