Masters’ Union Launches ₹100 Crore Fund to Support Young Entrepreneurs
Masters’ Union launches Rs 100 crore venture fund to back founders under 25
The Economic TimesImage: The Economic Times
Masters’ Union, a Gurugram-based business school, has launched MU Ventures, a ₹100 crore (approximately $12 million USD) fund aimed at investing in startups founded by entrepreneurs under 25. The fund will provide initial investments ranging from ₹5 lakh to ₹50 lakh (approximately $6,000 to $60,000 USD) and will support 10 to 20 startups annually.
- 01MU Ventures has a total fund size of ₹100 crore (approximately $12 million USD).
- 02Investments will range from ₹5 lakh to ₹50 lakh (approximately $6,000 to $60,000 USD) per startup.
- 03The fund aims to support 10 to 20 startups each year.
- 04Selected startups will receive mentorship and access to a co-working space.
- 05Founders will have the opportunity to participate in a demo day in San Francisco.
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Masters’ Union, a business and technology school based in Gurugram, India, has launched MU Ventures, a new early-stage investment fund with a total size of ₹100 crore (approximately $12 million USD). The fund will primarily target entrepreneurs under the age of 25, providing initial investments ranging from ₹5 lakh to ₹50 lakh (approximately $6,000 to $60,000 USD). Partham Mittal, the founder of Masters’ Union, emphasized the importance of the initial funding, stating that the first cheque is crucial for validating ideas and encouraging entrepreneurs to leave their jobs. The fund will operate through four dedicated tracks, including a 'Dropout Fund' for school and college dropouts, and a 'Bharat Capital Fund' focusing on Tier 2-4 markets. MU Ventures plans to make 10 to 20 investments annually and will offer additional support such as mentorship, co-working space, and technology credits. Founders of selected startups will also be flown to San Francisco for a demo day to connect with global venture capital firms. This initiative comes as India's startup ecosystem faces challenges in securing early-stage capital, particularly for nascent ideas.
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This fund aims to fill the gap in early-stage capital for young entrepreneurs in India, potentially leading to the launch of innovative startups and job creation.
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