YourNest Continuum Fund I Closes ₹400 Cr ($48.2 M) Continuation Fund

Why It Matters

The fund gives deep‑tech startups a patient‑capital runway while delivering liquidity flexibility for investors, addressing the long gestation cycles that characterize Indian deep‑tech ventures.

Key Takeaways

• YourNest raised $48M continuation fund for deeptech follow‑ons
• Fund anchored by HDFC AMC Select Fund of Funds I
• Enables liquidity for LPs and avoids forced asset sales
• Targets mature startups like Miko, Dozee, Opkey, Exponent Energy

Pulse Analysis

Continuation funds have emerged as a pragmatic solution for venture capital firms managing assets that outlive the standard 8‑10‑year alternative investment fund (AIF) lifecycle. In India, deep‑tech startups often require 10‑20 years to move from research to market, a timeline that clashes with traditional fund expiry dates. By creating a secondary vehicle, General Partners can retain high‑potential companies, apply independent institutional pricing, and align with recent regulatory extensions that now recognize deep‑tech ventures for up to 20 years.

YourNest's Continuum Fund I, with a corpus of roughly $48 million, exemplifies this patient‑capital approach. Anchored by HDFC AMC Select Fund of Funds I, the vehicle attracted marquee family offices and existing limited partners eager to roll over stakes. The capital will be deployed into proven portfolio companies—Miko, Dozee, Thriwe, Opkey, Twid, and Exponent Energy—allowing the firm to support later‑stage financing rounds without the pressure of a forced exit. This structure also creates a liquidity pathway for LPs, enabling them to cash out or stay invested under transparent, market‑driven valuations.

For the broader Indian venture ecosystem, the fund signals growing confidence in deep‑tech as a long‑term growth engine. Investors now have a mechanism to sustain capital in companies that need multiple funding cycles before commercial viability, reducing the need for premature sales that can erode returns. As more VCs adopt continuation vehicles, the market is likely to see increased capital stability, higher exit multiples, and a stronger pipeline of deep‑tech innovations reaching scale. This trend underscores the shift toward patient capital as a cornerstone of India’s next wave of technology entrepreneurship.

Deal Summary

Early‑stage deeptech VC YourNest Venture Capital announced the closing of its continuation vehicle, the YourNest Continuum Fund I, with a corpus of ₹400 crore (≈$48.2 million). The fund, anchored by HDFC AMC Select Fund of Funds I, was oversubscribed by family offices, individual investors and existing LPs, and will provide follow‑on capital for portfolio companies such as Miko, Dozee and Opkey.