Masters' Union launches Rs 100 cr fund to back founders under 25
Gurugram-based business and technology school Masters’ Union has launched a Rs 100 crore early-stage investment fund, MU Ventures, to back entrepreneurs under the age of 25.
The fund will invest between Rs 5 lakh and Rs 50 lakh per startup, with an average first cheque of Rs 10-20 lakh, Partham Mittal, founder of the institution, told ET.
"It is easy to raise $100,000, $1 million or even $10 million. But the first $10,000—that is the hardest,” said Mittal. “That first cheque gives you the confidence to leave your job and validates your idea. That is what we are trying to solve."
The fund will invest between Rs 5 lakh and Rs 50 lakh per startup, with an average first cheque of Rs 10-20 lakh, Partham Mittal, founder of the institution, told ET.
"It is easy to raise $100,000, $1 million or even $10 million. But the first $10,000—that is the hardest,” said Mittal. “That first cheque gives you the confidence to leave your job and validates your idea. That is what we are trying to solve."
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