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YourNest, India’s First Sebi Registered Angel Fund raises Funds Worth Rs. 120 Cr.

YourNEst which is India’s first Sebi-registered angel fund had raised the corpus of its first fund to Rs 120-crore which is equivalent to $21 million. This is higher than their target which is only about Rs 100-crore or $17.6 million. The increase of this fund was due to the country’s market regulator Securities and Exchange Board of India released its 2012 regulations.

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This extended the pass-through tax benefit to Category I alternate investment funds. Included in this are companies that focused on start-up, social ventures, and infrastructure and early-stage ventures. The government had recognized the efforts of angel investors when it comes to affecting the economy of the country.

With their efforts, they were able to help a lot of people who wanted to venture in any business. A lot of us know that businesses play an important role in the economy since this is where people will have their job. If there will be a lot of businesses in a certain country, it would surly answer the need of people for jobs to sustain their daily needs.

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