Change, they say, is the only constant in life. The ones who are prepared to embrace change, ready to step out of the comfort zones are people we call ‘Challengineers’. They have manifested themselves not just as partners and employees at YourNest but also as entrepreneurs and founders of our portfolio companies. Together, we have rallied through the last few challenging years that have witnessed unprecedented change, to deliver a solid return and value creation for our investors. Several of our portfolio companies – including Miko, Dozee, Practically and Exponent Energy – continue to generate value and reaffirm our investment philosophy. The outcome has been two-fold: we learnt to build business resilience through trying times and converted adversity to our advantage.
In the sport of formula racing, while everyone pushes the throttle on a straight road, the driver who skilfully accelerates through twists and turns is the one who moves ahead. Today, we are again standing at a turning point with global economies fighting geopolitical tensions, inflation and supply chain disruptions: uncertainty is a given. There are looming concerns about price corrections across asset classes, possible reduction in economic activity and other risks related to an economic downturn. With our experience of manoeuvring the pandemic-related slowdown, we are confident about nurturing robust growth in our existing portfolio companies. But what truly excites us are the emerging opportunities. We have been experiencing a strong deal flow which will get further enhanced with startups seeking funding in a possible slowdown scenario at a discounted valuation. This should position us well to generate extraordinary returns, as the situation improves in due course.
The growing YourNest Team at an offsite in May 2022
Our funds’ performances are beginning to attract a larger pool of institutional and individual investors. This demands that, as the assets under management grow, we further optimise and enhance our existing processes to deliver investor expectations. Looking at the VC space in India, there has been a visible hyperactivity with investments doubling in 2021 compared to 2020, which has also brought governance and compliance-related issues to the fore. To address this shift, we have strengthened our team with fresh talent that will help improve our internal processes and implement new initiatives. As an organisation, we are now ready for even faster growth.
We are excited about the journey that lies ahead and strive to keep you constantly updated about the progress. Do follow us on Twitter (https://twitter.com/YourNestVC) and/or LinkedIn (https://www.linkedin.com/company/yournest-angel-fund) to stay abreast of developments.
Finally, on behalf of the team and our founders, I thank you once again for your continued support and wish you safety and good health.
Sunil K. Goyal
Managing Director & Fund Manager
May 27 2022