Dear Investor,
A few weeks ago, I was among professionals from diverse backgrounds and, after the initial introductions, someone asked me what it felt like to manage a VC firm and work with young entrepreneurs across the country. That set me thinking, and I realised that, along with my partners, we operate like coaches who train athletes to run both marathons and sprints. Paradoxical as this may sound, it is a fact: both require years of preparation and stamina regardless of the distance an athlete runs, they demand endurance, and both result in triumph not instantly, but after years.
Now consider this: for every startup in which we invest, there are hundreds we turn away. The ones that eventually make the cut after a rigorous process are the ones our team nurtures to success. Within our portfolio, while almost all founders are innovating in the DeepTech domain, we broadly categorise them into two buckets: those who build strong IPs, and the ones that manage tough cycles to build strong businesses per sé. One is ideal for short, intensive sprints; the other is a marathoner. Both play vital roles in powering a team to win. Similarly, when one looks at our track record of exits in the last five years, we see 10 startups we have exited: eight of these are from just the last four years.
The point I am making is that, contrary to the prevalent myth, DeepTech startups do not always require very long-term investments. Of course, there are a select few that we must hold on to – our stars – who are building products that will revolutionise the way we live and work. These are businesses that call for patient capital, for staying power so that we can reward you with far higher returns when we eventually exit. With India continuing to evolve from a services-first economy to a product nation, the government consistently acknowledges the role our DeepTech startups play: from every aspect, today’s environment encourages the kind of entrepreneurs we at YourNest have been championing. Indeed, every other venture capitalist also recognises the pioneering role we have played, and looks to us to identify ‘challengineers’.
As a member of the US$ 1 bn+ India Deep Tech Alliance, we look forward to be part of the Indian Government’s Research, Development and Innovation (RDI) initiative. Indeed, we are in the process of curating some of the best-performers in our portfolio to create a timely opportunity that will help our founders achieve even greater success, and our investors secure greater returns on their capital. I look forward to sharing more on this shortly and, along with our team, thank you once again for your continued trust.
Yours sincerely,
Sunil K. Goyal
Managing Director & Fund Manager
September 30, 2025