Venture Intelligence (TSJ Media Pvt. Ltd.)
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gradCapital launches $6-M fund for students' startups
Bengaluru-based venture capital fund gradCapital has launched its second fund of USD 6 million (about INR 49 crore) to invest in students' startups. The VC fund will offer a standard cheque of USD 40,000 (INR 33 lakh) for a 4% equity stake in the investee companies. The fund is backed by CIIE.CO, Nearbuy co-founder Ankur Warikoo, Info Edge founder Sanjeev Bikhchandani and Zerodha CTO Kailash Nadh, among others. Founded in 2021 by two IIM Ahmedabad alumni, gradCapital had previously raised USD 1 million to deploy into 18 companies.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.