YourNest closes Rs 400 crore continuation fund
The fund is anchored by HDFC AMC’s Select Fund of Funds I.
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Deeptech-focused venture capital firm YourNest Venture Capital has closed a Rs 400 crore continuation fund, as it seeks to extend ownership in high-performing portfolio companies.
The fund is anchored by HDFC AMC’s Select Fund of Funds I.
The continuation vehicle will provide additional capital to support and hold select mature portfolio companies for longer, while also offering liquidity options to existing limited partners.
The strategy comes as fund managers increasingly look beyond traditional exit routes amid a still-recovering IPO and M&A market.
Founded in 2011, Gurugram-based YourNest focuses on pre-Series A investments in deeptech and enterprise technology startups, with bets spanning sectors such as AI, industrial IoT, SaaS and robotics.
The venture capital firm's portfolio includes companies such as Miko, Dozee, Exponent Energy and Uniphore.