Venture Capital Firm YourNest Launches Rs 300 Cr Corpus For Startups

Early stage venture capital firm YourNest has launched its second fund, YourNest India Fund II, with a corpus of Rs 300 crore.

Founded in April 2011 by Sunil Goyal, Sanjay Pande, and Girish Shivani, YourNest has so far backed 16 startups and with the fresh infusion of funds, it plans to fund 25-30 technology startups over the next 3-4 years. Sectors of interest include Internet of Things, electronic system design, artificial intelligence, advanced robotics, enterprise software and mobile Internet.

The company has also brought in Vivek Mansingh, a technology veteran as a General Partner.