Deeptech Focused Growth
YourNest, a seasoned venture capital firm established in 2011 by Sunil Goyal, has successfully closed ‘YourNest Continuum Fund I’, a Rs 400 crore vehicle dedicated to providing long-term support to its high-performing portfolio assets. The fund is anchored by HDFC AMC Select Fund of Funds I.
Deal Specifics and Portfolio
The continuation fund intends to deploy between Rs 60 and 90 crore across seven specific portfolio companies that have already demonstrated strong market validation. The confirmed companies in this tranche include:
- Miko
- Dozee
- Exponent Energy
- Twid
- Opkey
- Thriwe
Strategic Rationale
By launching this vehicle, YourNest addresses the classic venture capital ‘liquidity cliff.’ It allows early investors to exit their positions while simultaneously extending the investment horizon for the firm by an additional five to seven years. This extended runway is specifically designed to support these mature companies through their final scaling phases as they move toward IPOs or major strategic acquisitions.
Founder Takeaway
For startup founders, the rise of continuation funds in India signifies a maturation of the capital ecosystem. It suggests that high-potential startups can now count on ‘patient capital’ that remains invested well beyond the typical fund lifecycle, providing stability during the critical transition from growth to exit.