Nikhil Kamath introduces WTFund
Nikhil Kamath’s ‘WTFund’ provides Rs 20 lakh grants, mentorship, and assistance to entrepreneurs under 25. Rising trend of founders becoming investors observed. Applications open on April 15 for 40 founders, pre-screened prior to institutional funding. Kamath’s podcast series explores various business subjects.
Co-founder of Zerodha, Nikhil Kamath, introduces a non-dilutive grant fund for entrepreneurs aged 25 and under.
The ‘WTFund,’ a sector-agnostic initiative, will provide a Rs 20 lakh grant, allowing founders to maintain complete equity in their ventures. In addition to financial aid, the fund will offer mentorship, assistance with go-to-market strategies, beta testing, internship programs for talent acquisition, and diverse opportunities.
“Today, young founders make significant impacts in entrepreneurship. At WTF, our aim is to foster a culture that promotes risk-taking among young entrepreneurs with a robust support system. We’re eager to launch the fund and observe its progress,” Kamath expressed.”
“The trend of influential founders turning investors by backing multiple domestic funds is evident in recent developments.
As reported by ET on April 15, CaratLane founder Mithun Sacheti and Flipkart co-founder Binny Bansal have joined Bengaluru-based Xeed Ventures as anchor limited partners (LPs), managed by Sailesh Tulshan.
Numerous other entrepreneurs have either launched or supported funds, including Sujeet Kumar of Udaan, Kalyan Krishnamurthy of Flipkart (LPs in Tanglin Venture Partners), Girish Mathrubootham of Freshworks, Amrish Rau of Pine Labs, Jitendra Gupta of Jupiter (LPs in White Venture Capital), and Mukesh Bansal of Myntra and Curefit, operating Meraki Labs.
The WTFund will open applications starting April 15 on its website, aiming to back 40 young founders. The selected candidates will undergo a screening process and receive support until they secure their first institutional funding.
This initiative is part of Kamath’s broader ‘WTF is’ podcast series, featuring discussions with industry experts and business leaders on investment and business topics.”
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