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Economic Times

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Image Credit: Economic Times

Campus Fund launches $100 million third fund

  • Campus Fund, specializing in student-led startups, launched its $100 million third fund, the largest yet, with over $50 million already raised.
  • Fund III has secured investments from various entities, including family offices and notable individuals like Kanwaljit Singh and Asha Jadeja Motwani.
  • The fund plans to invest in 60–80 startups over four years, providing initial cheques between Rs 21 crore and Rs 28 crore, with 50% earmarked for follow-on investments.
  • Campus Fund CEO Richa Bajpai emphasized the potential of student founders to innovate globally, highlighting investments in companies like Serendipity Space.
  • Previous Campus Fund initiatives include Rs 7 crore in 10 startups in 2020 and a $10 million second fund in 2022, supporting companies like Digantara and D-Nome.
  • The focus extends beyond funding, with an emphasis on achieving successful exits for investors, as mentioned by Richa Bajpai.
  • Ullas Kammath, a supporter of Campus Fund, highlighted the fund's role in guiding startups through challenges from inception.

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