Nikhil Kamath, co-founder of Zerodha, announced the ‘WTF Fund’ on LinkedIn to support young entrepreneurs under the age of 22 who want to launch businesses in the home, beauty, fashion, and lifestyle industries.
Kamath hopes to help students with entrepreneurial aspirations through funding and mentoring through this venture. The students will also get assistance from Ananth Narayanan, a former chief executive of the fashion e-tailer Myntra and the founder of Mensa Brands, Raj Shamani, the creator of the tech platform House of X, and Kishore Biyani, the chairman of Future Group.
“Introducing the #WTFFund! Young entrepreneurs under 22 years of age can now grab the opportunity to secure funding and receive mentorship in the home, fashion, beauty or lifestyle sectors from Ananth Narayanan, Raj Shamani, Kishore, and myself,” he shared in a Twitter post.
In addition, Kamath put Rs 100 crore (about $1.6 million) into the gaming and media company Nazara Technologies in order to make a move in the Indian game publishing space.