Campus Fund raises $10 million funding to support student-led startups
- ByStartupStory | July 8, 2022
The first student-led startup investor in Asia, Campus Fund, has secured $10 million for its second fund from major organisations, family offices, and general partners of top funds. IIFL Wealth, Omidyar Network India, Bharat Shah (former HDFC chairman), Jaimin Bhatt (CFO, Kotak Mahindra Bank), Kanwajit Singh (founder, Fireside Ventures), and Shivkumar Janardhanan also participated in the round (former CEO, Essilor India).
Through its second fund, Campus Fund will continue to make pre-seed investments. Richa Bajpai launched Campus Fund in July 2020. Students are employed as investors through Campus Fund, and they scout, assess, and participate in decision-making about investments in student-led enterprises. The Campus Fund’s portfolio includes 40% non-tech founders, 30% female co-founders, and 30% hardware-first, tech-enabled student-led enterprises.
Richa Bajpai, the founder of Campus Fund said, “Over the last two years, we have scouted and evaluated more than 1,600 student-led start-ups throughout the nation with the help of over 60 students. We now have a portfolio of ten distinct student-led firms with solid foundations and the ability to change the future and contribute to India’s aim to become a $5 trillion economy.”
Campus Fund (CF) is the original and only dorm room fund in Asia. Its distinctiveness comes from the fact that it employs full-time students to administer the organisation in addition to funding student-led start-ups.
Sarvesh Kanodia, principal at Omidyar Network India stated, “We are thrilled to support Richa and the Campus Fund team in their effort to advance student entrepreneurship across the nation. This would encourage the fearless young businesspeople who are solving significant national issues and creating jobs.”
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