Early stage venture capital firm, YourNest, has appointed Satish Mugulavalli as Director- Technology. Satish, who co-founded Revvx IOT Hardware Accelerator–India’s first accelerator for hardware start-ups–will work closely with the fund to identify startups in deep tech, and be the hands-on expert for portfolio companies.
Satish will moonshot innovation, growth and product life cycles for portfolio companies, and also guide them on IP, patenting, system architecture and team building. He will identify deep tech investments in areas like IOT, Advanced Robotics and Enterprise Software.
Mr Sunil Goyal, Founder & CEO, YourNest India VC Fund said, “We have a laser sharp focus on deep-tech companies and Satish, as our Director-Technology, brings the scientific temperament of a technologist and the business acumen of an entrepreneur to further our philosophy of co-creation. His experience and solid connect with the startup ecosystem is invaluable and will play a critical role in helping us choose the right companies. His expertise in deep tech will be extremely useful to drive greater growth and success for our portfolio companies as well.”
As co-founder and CEO of Revvx–which helps hardware startups prototype, manufacture and distribute, Satish mentored over 15 startups across multiple accelerator tracks. He has helmed leadership roles for over 20 years in several startups, such as Verismo Networks, Teneoris Networks, Ishoni and Multi-Tech. He holds patents in digital media and networking apart from an illustrious body of work in architecting high performance systems in voice, video and data networking products, internet platforms and services.
Satish Mugulavalli said, “YourNest portfolio contains a very interesting mix of deep-tech companies in sectors like SaaS, defence and IoT. I am really excited to work with Sunil and team to discover more such gems. There are many ideas waiting for the right input to become successful. The opportunity to co-create solutions with ambitious entrepreneurs that can change the world inspires me the most.”
YourNest completely deployed its first fund and made investments in sectors such as SaaS, AI and data analytics. Some of the marquee investments from fund 1 include companies like Arya.ai, Uniphore, Mycity4kids and GolfLan.
It recently launched “YourNest India Fund II”, with a corpus of INR 300 crores, to offer pre-Series A funding to 4-8 ventures every year. From the 4,000 proposals it receives annually, the fund will focus on deep-tech sectors, like Internet of Things, Electronic System Design, Artificial Intelligence, Advanced Robotics, Enterprise Software and Mobile Internet.