Start up encouragement catching up like flares

Entrepreneur news:

India seems to move out of the shades of IT and ITES and has started the entrepreneur way. The realization that dawned on the youth of the day will take the nation a long way in prosperity. Students have now realized that being smart is just not enough and being innovative with, out-of-the-box thoughts, gives wings to their dreams. Students have stopped being contended with a 9-5 salary package and are looking at greener pastures, for a lucrative future. The vital proofs that shows as days pass by suggest the changing trends.

YourNest Angel Fund – set up by Sunil K Goyal, along with Sanjay Pande is an early stage venture capital firm. The company raises corpus from a set of individual investors including angel investors and first-generation entrepreneurs. The company announced that (an undisclosed amount) it had made its first investment in another start up, Proof of Performance Data Services (PoP). With this investment, PoP will strengthen its technology platform, Earthive.

Proof of Performance offers insights to decision makers based on Video Analytics from the archives of the real world videos, available on it’s cloud based platform, christened Earthive. The company is a CIIE Portfolio company, and was seed funded by the Department of Science & Technology.

YourNest is a company of visionaries with a sole drive to fund at post-incubation stage of a start up. The company plans to build a portfolio of 15-18 Indian companies by investing up to Rs.5 Cr into each during the initial round of funding. YourNest is registered with SEBI, as a Rs. 60 Cr fund with a spare capacity to raise another Rs 40 Cr, making the company capable of Rs 100 Cr. The advisory board has many stalwarts to its credit like Badri Agarwal (President of Bharti Foundation), Prof MM Pant (former pro-Vice-Chancellor, Indira Gandhi National Open University and faculty member of IIT Kanpur), Alok Mittal (Managing Director of Canaan Parters) and R Satya Narayanan (a first-generation entrepreneur who has founded Career Launcher).

Like-minded visionaries conglomerate to encourage the enterprise development and help entrepreneurs to become brand equity on their own. This visionary team needs our adulation and encouragement. Way2World salutes their vision. We now advice the students to catch up, with the fast trending season and make it big, in the future.