Zerodha’s Nikhil Kamath Launches ‘WTF Fund’, a funding and mentorship program for entrepreneurs under 22 years of age in the beauty, home, fashion, and lifestyle sectors.
Nikhil Kamath Launches ‘WTF Fund’
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Introducing the #WTFFund! Kamath shared in a social media post that young entrepreneurs under 22 can now secure funding and guidance in sectors like home, fashion, beauty, and lifestyle.
Currently, eligible entrepreneurs can apply to be a part of the WTFFund program, which is accepting applications until October 16, 2023. Under Nikhil Kamath’s leadership, the program will shortlist two startups, each receiving a funding of 40 lakh rupees.
In a recent podcast episode where Kamath discussed building a brand in the mentioned sectors, he stated, “Funding these entrepreneurs under 22 is usually a tough task as they are essentially in the 0 to 1 journey.”
The podcast episode featured Anant Narayanan, founder of Mensa Brands, Kishore Biyani, founder of Future Group, and Raj Shamani, founder of House of Ek. Alongside Kamath, these three guest winners will also invest 10 lakh rupees in each of the winning startups.
This move comes as Kamath and Abhijit Pai’s venture capital firm, Gruhas Nivas, recently launched a startup fund for brands and products in the consumer-facing space. The fund will invest up to one million dollars in its specific investments, with around 10 startups in its portfolio.
Zerodha’s co-founder is also venturing into the startup ecosystem, partnering with electric vehicle manufacturer Ether Energy and gaming unicorn Nazara Technologies in recent months. Earlier this year, Kamath also invested in the green hydrogen startup, Ossus BioRenewables.
Nikhil Kamath, co-founder of Zerodha, has introduced the WTFFund, a funding and mentorship program for entrepreneurs under 22 years of age in the beauty, home, fashion, and lifestyle sectors.
Introducing the #WTFFund! Kamath shared in a social media post that young entrepreneurs under 22 can now secure funding and guidance in sectors like home, fashion, beauty, and lifestyle.
Currently, eligible entrepreneurs can apply to be a part of the WTFFund program, which is accepting applications until October 16, 2023. Under Nikhil Kamath’s leadership, the program will shortlist two startups, each receiving a funding of 40 lakh rupees.
In a recent podcast episode where Kamath discussed building a brand in the mentioned sectors, he stated, “Funding these entrepreneurs under 22 is usually a tough task as they are essentially in the 0 to 1 journey.”
The podcast episode featured Anant Narayanan, founder of Mensa Brands, Kishore Biyani, founder of Future Group, and Raj Shamani, founder of House of Ek. Alongside Kamath, these three guest winners will also invest 10 lakh rupees in each of the winning startups.
This move comes as Kamath and Abhijit Pai’s venture capital firm, Gruhas Nivas, recently launched a startup fund for brands and products in the consumer-facing space. The fund will invest up to one million dollars in its specific investments, with around 10 startups in its portfolio.
Zerodha’s co-founder is also venturing into the startup ecosystem, partnering with electric vehicle manufacturer Ether Energy and gaming unicorn Nazara Technologies in recent months. Earlier this year, Kamath also invested in the green hydrogen startup, Ossus BioRenewables.
Nikhil Kamath: who is he?
An influential social media user, investor, businessman, and entrepreneur from India is Nikhil Kamath. On September 5, 1987, he was born in Shimoga, Karnataka, India. At the age of 35, he is among India’s youngest billionaires. In 2001, his attention turned to the Indian National Chess Championship, which led him to drop out of the tenth grade. Nikhil’s schooling came easily to him because he has always had a business-oriented mindset. At the age of 14, he began his first commercial enterprise, selling secondhand phones. As the CEO and co-founder of the well-known company Zerodha, he has great popularity throughout the nation.
The Net Worth of Nikhil Kamath
The CEO and co-founder of the brokerage company Zerodha is Nikhil Kamath. As of 2022, his total wealth was estimated to be at 11,100 crore rupees, or 1.48 billion dollars, based on media claims that he received an annual salary of about 100 crore rupees. The majority of his fortune has come from his entrepreneurial endeavours. The initial public offering and a few additional particulars of his financial activity are included in the anticipated amount. Nikhil Kamath’s estimated net worth as of 2022 is $1.48 to $1.55 billion, according to sources.
Nikhil Kamath’s Latest Investment Endeavors
Nikhil Kamath has been making headlines for his substantial investments, putting in 150 crore rupees into the mobile gaming company and sports media platform, Nazara Technologies. Furthermore, he’s also in discussions to increase his personal stake in the company.
In another noteworthy event in September this year, Nikhil Kamath revealed plans to invest 100 crore rupees in the all-encompassing jewelry retailer, Bluestone.
Additionally, a recent report indicates that Kamath is preparing to invest in an electric scooter company, Ether Energy.
HIGHLIGHTS:
• Young entrepreneurs in the beauty, home, fashion, and leisure industries will receive funding from this fund.
• This move coincides with the recent creation of a startup fund by Nikhil Kamath and Abhijit Pai’s venture capital company, Gruhas, for investments in consumer-facing companies and goods.
• As of right now, interested entrepreneurs can submit an application to be considered for the WTFFund programme. Applications will be accepted through October 16, 2023.
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