Dear Investors, Even before the printer’s ink dries on this letter, the world, as we have known it, would have changed AGAIN. Recently there was the Brexit. Then Prime Minster, Mr. Modi’s waving of the wand to make the high denomination notes disappear. And now the incredibly tight competition in the US presidential elections which

Dear Investors, A Zen saying goes : The value of a room lies not in its walls but in the space within. While the walls provide protection and define the space what can happen within those walls is what really matters. And so it is with any Venture Fund. The fund size and investment thesis

Dear Investors, Spinoza said, ‘You must look at things in the aspect of eternity’ and Ben Graham made it a basic dictum for his tenet of value investing. And that, indeed, has made the difference in the way we have been selecting our investee companies – not ones that will blink fast and disappear, but

Dear Investors, With the new policy for Setting and Managing Venture Capital funds in India announced by RBI, manage in India is set to become a reality. RBI last week has allowed FDI on automatic route in Venture Capital Funds (VCF) and Private Equity (AIF). With this, the long standing demand of the India VC

Dear Investors, The quarter gone by has been quite mixed in terms of the way the ecosystem has evolved. On the brighter side, there were things like more and more companies getting into the USD 100mn valuation window (63 in October 2015 vs. 39 companies in May 2015), and new initiatives by the government in

Dear Investors, This report comes to you after a gap of 7 months. While we have been sending you updates in various ways, the closing of YourNest Angel Fund – Scheme 1 and its related activities – have led to the missing of an interim report. Thank you for bearing with us. We take this

Dear Investors, Interest in early stage investing in India is seeing an unforeseen frenzy. More and more eminent personalities – be it Mr Ratan Tata, or Mr Azim Premji – are getting on the bandwagon as are large corporations. The leading consumer Internet players such as Flipkart, Snapdeal and even the established technology player like

Dear Investors, In my earlier letter, I had stated that we have never seen such “across the board” optimism in the country. I had not imagined that it will morph into the kind of snowball that it has for YourNest in particular, and the start-up ecosystem in general. We have seen enhanced activity in our

Dear Investors, The mood in the economy is definitely on the upswing. The outcome of the largest electoral exercise conducted on this earth, and the subsequent policy actions of the new government has filled each one of us with hope and expectations of prosperity. Some of the lead macro-economic indicators are being seen as harbinger

Dear Investors, In keeping with our philosophy of investing in cutting edge ideas with sound teams, we are happy to announce our 4th investment in Chennai based Uniphore Software Systems. The startup was incubated at Indian Institute of Technology, Madras (IITM) and operates in the speech recognition and voice biometrics area. Uniphore has already built sizable