YourNest Venture Capital raises $15-M from NIIF

Early-stage venture capital fund YourNest Venture Capital's USD 75 million third fund has received USD 15 million from the government-backed National Investment and Infrastructure Fund (NIIF), which has made its investment as Limited Partner (LP) through its Fund of Funds. The fund would be invested in intellectual property-based tech startups, focussing on hardware, software, and internet of things (IoT). YourNest VC has bagged commitments of USD 50 million for its latest fund.