Campus Fund, which invests in student-led startups, has raised $10 million (about Rs 75 crore) for its second fund from large institutions, family offices, and general partners of leading funds.
IIFL Wealth, Omidyar Network India, Bharat Shah, Jaimin Bhatt, Kanwajit Singh, Shivkumar Janardhanan participated in the round.
Launched in July 2020 by Richa Bajpai, Campus Fund employs students as investors, who scout, evaluate and also get a seat in the decision-making with regard to investments in student-led startups.
Its Fund I had a corpus of Rs 7 crore which was invested across 10 startups. With its second fund, Campus Fund will continue to invest at the pre-seed stage.
Around 17 India-focused funds have announced or are in the process of launching their new fund. Fintrackr has collated the data of such funds through media reports. Importantly, 15 out of 17 funds have been announced in the second quarter of 2022.