Campus Fund launches $100 million third fund

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Here’s a structured summary based on the information provided:

Campus Fund Overview:

  • Fund Name: Campus Fund III
  • Fund Size: $100 million
  • First Close Raised: Over $50 million

Fundraising Details:

  • Series: Fund III
  • Launch Date: October 2023 (exact date not specified)

Backers & Investors:

  • Family offices
  • Entrepreneurs
  • Industrialists
  • Financial institutions (including 360 One, previously IIFL Wealth)
  • Existing notable investors:
    • Kanwaljit Singh (Founder of Fireside Ventures)
    • Bharat Shah (Chairman of HDFC Securities)
    • Jaimin Bhatt (Former Group CFO of Kotak Mahindra Bank)
    • Asha Jadeja Motwani (Founding Stakeholder in Google)
    • Sameen Farooqui (Global Head of FX at Deutsche Bank)

Investment Strategy:

  • Targeted Startups: 60–80 in the next four years
  • Initial Cheque Size: Rs 21 crore to Rs 28 crore
  • Allocation for Follow-on Investments: 50% of the fund

Previous Funds:

  1. Fund I:

    • Amount: Rs 7 crore
    • Launch Date: July 2020
    • Invested in: 10 startups
  2. Fund II:
    • Amount: $10 million
    • Launch Date: 2022

Notable Portfolio Companies:

  • Expand My Business (Digital services management)
  • Digantara (Space-tech)
  • EtherealX (Space-tech)
  • Sarla (Flying taxis)
  • D-Nome (Decentralised genomics infrastructure)

Key Statements:

  • Richa Bajpai (CEO of Campus Fund): Expressed commitment to student founders, noting they are "redefining the future from dorm rooms, garages, and labs."

Additional Information:

  • The fund emphasizes financial backing, mentorship, and resources for startups at the idea stage.
  • Campus Fund aims to focus not only on investment but also on providing exits for investors.

Please let me know if you need more information or further details!

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2025-06-20 18:37:00