Zerodha's Nikhil Kamath Launches 'WTFund', To Offer Rs 20 Lakh Grant To 40 Young Entrepreneurs
Zerodha Co-founders Nikhil Kamath and Nithin Kamath made it to the Forbes¡¯ billionaires list this year.??
The Kamath brothers founded Zerodha in 2010 which changed the game of stock trading.
Now, in a bid to? encourage and help young entrepreneurs, Nikhil recently launched a non-dilutive grant agnostic fund 'WTFund', dedicated to nurturing young, promising entrepreneurs aged 25 and under.
What Is ¡®WTFund¡¯ Initiative?
This program targets individuals with the capacity to transform their fields with innovative ideas and compelling visions.
"Today, young founders tend to create the most impact within entrepreneurship. At WTFund, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system," Kamath said in a statement.
What Will This Non-Dilutive Grant Entail?
The fund provides a complete package, including a non-dilutive grant of Rs 20 lakh, allowing founders to maintain full equity in their ventures. Additionally, it offers access to operator-first mentorship pods and a thriving community within the WTFund ecosystem.
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40 Young Entrepreneurs To Receive Funding & Mentorship Over A One-Year Period.
They will undergo a rigorous screening process and continue to receive support until they secure their first institutional funding.
The WTFund welcomes investments across all sectors, aiming to offer emerging founders, creators, makers, and dreamers a comprehensive growth platform. Through financial support and engagement with a vibrant community, this initiative provides a unique opportunity for growth and collaboration.
(With IANS inputs)
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