Zerodha co-founder Nikhil Kamath has launched a non-dilutive, grant-based fund for entrepreneurs aged 25 and under.
The fund will support young entrepreneurs and offer a comprehensive package including a non-dilutive grant of Rs 20 Lakh, which will enable founders to retain full equity in their ventures.
WTFund willl also provide access to operator-first mentorship pods, a vibrant community through the WTF ecosystem, and feedback opportunities, among other benefits.
The fund will select 40 entrepreneurs aged 25 or below for funding and mentorship over one year. The founders who get selected will receive support until they secure their first institutional funding, according to the statement.
The WTFund will begin accepting applications from April 15 through its website and the selected candidates will undergo a screening process and receive support until they secure their first institutional funding.
Kamath introduced the fund during a podcast in October last year. Under this initiative, the entrepreneurs will receive mentorship from Ananth Narayanan (founder of Mensa Brands), Raj Shamani (content creator), Kamath, and Kishore Biyani (Future Group founder).
