The initiative focuses on individuals who have the potential to revolutionise their industries through creative ideas and compelling visions…reports Asian Lite News
Leading stock broker Zerodha co-founder Nikhil Kamath on Monday launched a non-dilutive grant agnostic fund ‘WTFund’, dedicated to nurturing young, promising entrepreneurs aged 25 and under.
This initiative focuses on individuals who have the potential to revolutionise their industries through creative ideas and compelling visions.
“Today, young founders tend to create the most impact within entrepreneurship. At WTFund, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system,” Kamath said in a statement.
The fund offers a comprehensive package including a non-dilutive grant of Rs 20 lakh, enabling founders to retain full equity in their ventures.
Additionally, the fund provides access to operator-first mentorship pods, a vibrant community through the WTFund ecosystem.
Forty young entrepreneurs will be selected for funding and mentorship over one year.
They will undergo a rigorous screening process and receive support until they secure their first institutional funding.
The WTFund is open to investing in all sectors. This initiative will provide a comprehensive growth platform for emerging founders, creators, makers, and dreamers, offering them financial support and a unique opportunity to engage with a vibrant community of like-minded individuals.
Meanwhile, sharing an image on the social media platform X promoting a WhatsApp group to join for stock tips, leading stock broker Zerodha co-founder Nikhil Kamath on Friday said it’s a scam.
He asked users to report the advertisement, saying that he never had any WhatsApp group for stock tips.
“Scam alert, this is obviously not from me, I have never had or have any WhatsApp groups, nor do I give tips etc. Please report these,” Kamath wrote.
“Also to all the brands who reach out, I don’t do paid promotions/collaborations/ads/paid speaking engagements of any kind,” he added.
A lot of users reacted to Kamath’s post and appreciated him for alerting them against such scams.
“By sharing these scam alerts, you’re not just protecting yourself, but empowering your entire community to spot and avoid these predatory tactics,” a user said.
“It’s great to see you taking a firm stance against paid promotions and collaborations. Your authentic voice and content are what truly resonates with your audience,” another user wrote.
One more user mentioned, “It takes courage to turn down lucrative opportunities, but you’re clearly committed to preserving the integrity of your platform.”
ALSO READ: Indian Innovators Shine on Global Stage: Qualcomm