Campus Fund announced its second fund for investing in student-led startups.
Campus Fund has made investment in Digantara (building google maps for space) to HealthySure (unified health insurance platform) to Expand My Business (B2B managed marketplace for digital services) amongst others, who have gone on to raise follow on funding from reputed VCs.
Campus Fund started with a rolling fund of INR 7 crore in July 2020 and is the first fund of its kind in India to employ students as investors, who scout, evaluate and also get a seat in the decision making with regards to investments in student-led startups.
“Campus Fund is contributing well to unearth the most exciting startup talent in Indian universities. Student Entrepreneurs are shaping a better future for everyone in India and we at IIFL Wealth & Asset Management will continue to do our part to help build this ecosystem,” Karan Bhagat Founder, MD & CEO of IIFL Wealth & Asset Management, an investor in the Fund said.
Campus Fund is founded by Richa Bajpai, a student entrepreneur herself, starting out of a Dorm Room in her final year of engineering in 2009, and having co-founded Goodera, a global technology platform in the Tech4Good space.
Richa Bajpai said: “We worked with over 60+ Students across the country to scout and evaluate more than 1600 student led-startups in the last two years. We now have a portfolio of 10 diverse student led startups with strong fundamentals and a potential to shape the future.”
Campus Fund is backed by large institutions, family offices, GPs of leading funds, industry veterans and founders, including those behind Delhivery, redBus, TaxiForSure, Sheroes, Udhyam Learning, amongst others.
Campus Fund has a portfolio that has 40 percent non-tech founders, 30 percent female co-founders and 30 percent hardware first tech enabled student-led startups.