$1M Fund Launched By BITS Pilani, IIMA Grads To Invest In Student Startups
- ByStartupStory | May 26, 2021
Abhishek Sethi and Prateek Behera, BITS Pilani, IIMA grads to invest in student startups have launched gradCapital, a $1 million fund. The fund will host an eight-week intensive programme for companies founded and run by college students.
BITS Pilani, IIMA grads to invest around $25,000 in 20 startups in a year. Bengaluru-based grandCapital said it has opened the application process for its first cohort of startups.
“There is tremendous value waiting to be unlocked by students from Science, Commerce, Arts, and Engineering colleges. VCs do not take these bets because it doesn’t fit their risk profile. These companies often are missed by larger VCs due to a gap in the understanding of emerging technologies, millennial consumers or new kinds of economies.”Prateek Behera, Co-founder at gradCapital, said regarding BITS Pilani, IIMA grads to invest in startups founded by college students.
BITS Pilani, IIMA grads to invest in student-focussed startups has been primarily designed to help college graduates grow their exciting ideas into businesses. gradCapital is also being supported by CIIE.CO – The Innovation Continuum, based out of IIM Ahmedabad.
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