Nikhil Kamath unveils grant fund for young entrepreneurs

New Delhi: 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.