


Sunil K Goyal
918 posts

@skg69
Managing Director & Fund Manager, YourNest Venture Capital






















For everyone out there who may be worrying why India isn’t investing in as many DeepTech startups as China, here’s a reality check: linkedin.com/feed/update/ur… We’ve been backing them for over a decade, as are several other Indian VCs. Keep the faith...





I had the opportunity to address the SIDBI staff at at their Delhi office today. Great team, insightful questions, great interaction. Also met the CMD Mr. Manoj Mittal and Mr. S P Singh CGM of SIDBI and their senior colleagues. In 2016 the Govt had announced the creation of the Fund of Funds for startup’s. Ten thousand crores was committed to it. The fund was managed by SIDBI. The objective was to kick start the domestic Venture Capital industry (most Venture Capital in India is from overseas). It is strategically important for India to have sufficient Venture Capital from domestic sources. I was a member of the Investment Committee for this fund for the first two years and had the opportunity today to leaf through the impact report of the fund. In this years budget the government announced a further Ten thousand crores for the Fund of Funds for startup’s since the first fund had largely been disbursed - one year ahead of the envisioned timeline. Commitments have been made to 151 Indian VC Funds. These funds have mobilised downstream commitments of over Rs. 91000 crs including the money invested by SIDBI. These VC funds have thus far invested in nearly 1200 startup’s with enough dry powder yet to be invested. The Fund of Funds of startup’s has a trailing gross IRR of over 20% so far. The DPI thus far is 0.3 This is an impressive performance by any standard and a great strategic initiative by the government. Well done DPIIT and Ministry of Finance and SIDBI. Generations of VC fund managers and startup founders will remember this and be grateful. The startup ecosystem and the country will benefit greatly. @DPIITGoI @FinMinIndia @sidbiofficial @nsitharaman @nsitharamanoffc @PiyushGoyalOffc @PiyushGoyal



Listen to the top brains discuss on Sectors in Focus: The Road Ahead at the Venture Intelligence PE-VC Conclave 23 at Delhi-NCR on October 11. For participation call 9884936665 / 9176000521 or email apex@ventureintelligence.com

Proud and honoured to have met @isro Chairman S Somanath, under whose guidance and leadership India became the first nation to land on the Moon's South side. #Chandrayaan3 #ISRO #isroindia #isrochandrayaan3mission







