YourNest Venture Capital has developed a programme to identify and fund startups within just weeks from the close of applications, a statement said. SOAR is a part of, YourNest is focused on tech-enabled startups especially in the deep-tech domain like artificial intelligence/machine learning, distributed ledger technologies, cloud offerings, developer tools, enterprise SaaS, robotics, hardware, industrial IoT, robotic process automation software, wearables and augmented reality/virtual reality/mixed reality.
SOAR application will be open for 2 weeks from May 1 and then the shortlisted startups will be contacted for another round of screening and then the term sheets will be issued by June 15. SOAR will invest between USD 250,000 & USD 1 mn in each startup that is selected (For to Apply ClickHere)
Impact of the Covid-19 pandemic along with the global macroeconomic uncertainty is hard and will last a long time but YourNest feels this is the right time to encourage committed entrepreneurs in India who will create not just life-changing solutions but also employment opportunities, YourNest Venture Capital Managing Director Sunil K Goyal said.
"We will continue to fund the most promising startups in DeepTech SaaS domains, particularly if they are building IPs and have a global outlook to make the world a better place to work and live in," he added.