What is Campus Fund?
Richa Bajpai, founder of GoodEra has recently launched a new platform called Campus Fund. This platform focuses on the students’ start-ups to help them in building better business in the future.
With this, they have backed 30 companies, led by students across various institutions. The company comprises of students from IITs, IIMs, BITS, and other institutional platforms.
They are getting to the bottom of the start-ups to help them evolve the finest leads in the future.
“We are sector agnostic …but we are inclined towards technology-first startups, as we feel students have an advantage regarding the latest in tech. We are trying to reach student entrepreneurs across the country” said Richa Bajpai.
RichaBajpai found her own company, NextGen, in 2009, during her 4th year of graduation.
She has now brought a fund which is an all-new leap in the name of funds present in the country.
Campus Fund is furnished by TaxiForSure, co-founder Raghunandan G, and RedBus, founder Phanindra Sama.
Various funds like Dorm Room and Creator Fund have been in talks for students but this, Campus Fund, has come up with an entirely different concept that will focus on start-ups with an investment.
The in-campus startup will be invested in if it gets an appreciative vote of 60% or above.
Previously launched, GoodEra is also an active profit company with its headquarters based in Asia-Pacific [APAC]. It was founded by Abhishek Humbad and Richa Bajpai in 2014.
Richa Bajpai has been a keen student entrepreneur and has built vast companies like NextGen, in 2009, GoodEra, in 2014, and now she has come up with the idea of Campus Fund.
What Is The Current Scenario?
Currently, the company is looking in the campuses to find start-ups worth the investment. Once they are sourced and have gone through the various rounds of interactions, the start-ups will be ready worth most investing.
The source has to go through the rounds of-
- Formal Interaction: The team members will interact with the startup founders.
- Evaluation: Criteria like uniqueness, stability, expandability, adaptability will be taken into consideration through this round.
- Fit: fitting with the environment or their adaptability will be the most powerful round deciding the investment.
Campus Fund has invited start-ups from across the country. The education stream will not define anything in the process of sourcing.
What Will Happen After The Sourcing Is Done?
The funds will be used for the start-ups for building their connections, mentoring them; educating them in sections they might lack knowledge.
Building their portfolios would be the prior concern.
Since Venture Capital reach is difficult for initial stages, they will be monitoring as well as educating you on the same to build better business in the near future.
On looking through campuses, Grey Orange Robotics, Pixxel and Ather Energy have been found to be compelling.
“Apart from startups from IITs, IIMs, and BITS, we are seeing interesting startups from VIT, DU, Manipal, BhartiyaVidyapeeth, Amrita University, MS Ramaiah, Dhirubhai Ambani CoE among others,” Richa Bajpai said.