Early stage investment firm YourNest on Tuesday declared the dispatch of its second store, YourNest India Fund II, with a corpus of Rs 300 crore.
The firm has likewise brought locally available Vivek Mansingh, who has already served as President of Cisco's Collaboration and Unified Communication Group and headed Dell's India R&D unit, as its fourth General Partner.
"Early stage contributing will keep on being our strong point; with our group of prepared counsels, four committed asset administrators and a developing pool of guides and dynamic speculators, we plan to expand on the energy made with the main asset," said Sunil K Goyal, organizer and CEO of YourNest, in an announcement.
YourNest says its India Fund II will permit it to put resources into around 25-30 new companies throughout the following couple of years, with a proposed 4-8 interests in a year. The firm says it won't depend just on the capital it gives, additionally on it capacity to tutor new businesses so as to construct awesome organizations.
Mansingh, who was one out of 144 high total assets people to subscribe in the YourNest India Fund I, has all alone brooded five new businesses and right now serves as Chairman on the Board of AxisCades, an incorporated building administrations that is presently recorded on the Indian Stock Exchange.
"I have been a heavenly attendant financial specialist and consultants to VCs for more than 20 years. The reason I have chosen to join YourNest is to understand my enthusiasm to draw in with early stage new businesses and organizers to co-make effective worldwide organizations," said Mansingh.
Begun in 2011 by Sunil K Goyal, Sanjay Pande and Girish Shivani, YourNext has so far put resources into around 16 new businesses in parts, for example, howdy tech, money related innovation and new businesses that guide disconnected retail. The firm has stayed out of the e-trade part rather backing up and coming advancements