Dear Investor, ALL AROUND US, a ‘funding winter’ prevails across the late-stage startup eco-system. Funding in early-stage startups continues – albeit at more attractive valuations. Nevertheless, our disciplined approach of investing in DeepTech, early-stage, B2B focused startups continues to weather this storm, and is demonstrating resilience as is evident from the August 2022 Nasscom report.

Dear Investor, 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,

Dear Investor, When we end a year, we also begin a new one; and this is the beauty of the cyclical nature of life, as well as of our business. From the days when startups were few and far in between, when investors such as yourself were rare, we are now seeing the beginning of a wave

Dear Investor, There is no greater sporting spectacle than the Olympics: it remains the ultimate goal for any athlete. In this aspect, a sportsman aiming for an Olympic medal is akin to a startup founder: both enter the field with a burning passion to accomplish something that no one has done before them. Failures and defeats strengthen both,

Dear Investor, Since I last wrote to you in September 2020, a country that was hesitantly emerging from the lockdown has begun to charge ahead with renewed vigour. If the conversation during the nine months from March to December were mostly about the lockdown and the seemingly unstoppable spread of COVID19, the start of the

Dear Investor, When Charles Dickens, wrote “It was the best of times, it was the worst of times…” he could well have been thinking of 2020. Except that he wrote these opening lines of his classic, A Tale of Two Cities, as far back as 1859. He also went on to write, in the same sentence, “…it was

Dear Investor, As India rightfully claims her place in the new world order, she does so with pride. On the back of millions of the brightest minds who are among the largest STEM talent pool on our planet. Each one a celebration of the Imagi-Nation that we are: a nation that can collectively imagine the

Dear Investor, For an entrepreneur and an investor, every decision for something is a decision against something else. Likewise, with life. We operate in a world of choices every day, every minute; and some of our decisions turn out to be right, while others appear to be questionable at that moment. Time passes and we

Dear Investor, Several metrics showcasing the strength of the Indian tech startup ecosystem in NASSCOM’s latest report indicate that we are approaching escape velocity. India added eight new Unicorns in 2018, and now has the third largest number after USA (126) and China (77). More importantly, the time to attain billion-dollar valuation is now 5-7 years,

Dear Investor, In a world beset with challenges, it gives me immense pleasure to report that our focused approach to identifying and investing in specific startups is starting to pay off. As you know, we launched the fund with one clear objective: we would not adopt the spray-and-pray approach but would, instead, buckle down and look at