Campus Fund Raises $10 Million For Its Second Fund
Campus Fund, a fund for student-led startups, has raised $10 million (about Rs 75 crore) for its second fund from large institutions, family offices, and general partners of leading funds.
The round also saw participation from IIFL Wealth, Omidyar Network India, Kanwajit Singh (founder, Fireside Ventures), Bharat Shah (former chairman of HDFC), Jaimin Bhatt (CFO, Kotak Mahindra Bank), and Shivkumar Janardhanan (former CEO, Essilor India).
Campus Fund | Fund for Student-led Startups
Founded by Richa Bajpai in July 2020, Campus Fund partners with student entrepreneurs as their own extended team and employs students as investors, who scout, evaluate and also get a seat in the decision-making with regard to investments in student-led startups.
As per the founder, Campus Fund worked with over 60 students across the country to scout and evaluate more than 1,600 student-led start-startups in the last two years.
Speaking on the development, Richa Bajpai, Founder of Campus Fund, said,
“We now have a portfolio of 10 diverse student-led startups with strong fundamentals and a potential to shape the future and contribute towards India’s ambition of becoming a $5 trillion economy.”
It helps student entrepreneurs in talent acquisition and connects them with senior VCs, not only in India but across the world. Several startups, including HealthySure, and Expand My Business from Fund-I, have gone on to raise follow-on funding from Chiratae Ventures, Kalaari Capital and Tanglin Venture Partners.
Their portfolio comprises 40% non-tech founders, 30% female co-founders and 30% hardware-first tech-enabled student-led startups.
Sarvesh Kanodia, Principal at Omidyar Network India, in a statement, said,
“We are excited to back Richa and the team at Campus Fund in their mission to promote student entrepreneurship in the country. This will give impetus to the bold young entrepreneurs who are solving important problems in the country and generating employment.”