Bengaluru-based gradCapital has announced a $500,000 (Rs 3.72 crore) student-focused venture capital fund directed towards women founders - named Entreprenher. It will also help college graduates grow their ideas into businesses.
The firm said it will invest $25,000 in each of the 20 startups it selects over the next year, thereby investing a total of $500,000. gradCapital is also being supported by CIIE.CO.
Entreprenher said it will host an eight-week programme for companies founded and run by college students.
”We genuinely believe in female founders. Currently, companies with female founders perform 63% better than those of their male peers. However, most women don’t receive the support to pursue this dream,” Simran Handa, team lead at Entreprenher, said.
Sethi and Behera ran a pilot to test their hypothesis and ended up with a cohort of eight companies including KiranaKart, Humit, Codedamn, Valerio Electric, and Neuralastic, many of which have raised funding successfully.