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With a non-dilutive grant of Rs 20 lakh and access to mentorship pods, community support, and a Go-To-Market studio, WTFund promises to nurture innovation and risk-taking among India's youth

Zerodha co-founder Nikhil Kamath launches WTFund to empower young entrepreneurs under 25

With a non-dilutive grant of Rs 20 lakh and access to mentorship pods, community support, and a Go-To-Market studio, WTFund promises to nurture innovation and risk-taking among India's youth

Nikhil Kamath has unveiled a groundbreaking initiative to nurture the entrepreneurial spirit among the youth. The brainchild of Kamath, the WTFund, is poised to empower individuals aged 25 and under with innovative ideas and a drive to transform industries, as stated in an official press release.
This fund marks a departure from traditional investment models by offering a non-dilutive grant of Rs 20 lakh to selected entrepreneurs, ensuring they retain complete ownership of their ventures. Moreover, the WTFund provides a suite of support services, including access to mentorship pods, a vibrant community within the WTF ecosystem, and a dedicated Go-To-Market studio.
Nikhil Kamath articulated the vision behind WTFund, emphasizing the transformative potential of young founders in shaping India's entrepreneurial landscape. "The India of my childhood differs markedly from the country we see today. Back then, the emphasis was on securing stable employment rather than pursuing entrepreneurship and embracing risk," remarked Kamath. "Young founders tend to create the most impact within entrepreneurship. At WTF, our goal is to cultivate a culture that encourages young entrepreneurs to embrace risk by providing a comprehensive support system. We are excited to launch the fund and see where it goes."
With a focus on identifying the top 1 percent of young entrepreneurs, WTFund aims to select and mentor forty individuals over the course of a year. Entrepreneurs from all sectors are encouraged to apply through the WTF website (www.allthingswtf.com/wtfund).
Originating as a podcast hosted by Nikhil Kamath, WTF has evolved into a platform that champions disruptive thinking and democratizes access to opportunities. The launch of WTFund underscores Kamath's commitment to fostering a new generation of bold and innovative entrepreneurs, poised to make a significant impact on India's business landscape.

To bolster its digital venture, Tata group mulls pumping $2 billion into its super app venture Tata Neu, reported Bloomberg. If the deal materialises, Tata digital is likely to receive the amount over two years

Tata group mulls pumping $2 billion into super-app Neu: Report

To bolster its digital venture, Tata group mulls pumping in $2 billion into its super app venture Tata Neu, reported Bloomberg. If the deal materialises, Tata digital is likely to receive the amount over two years

Tata group is likely to pump in $2 billion into its super app Neu, reported bloomberg. The additional fund is to bolster the conglomerate's digital business by widening its digital offerings, improving technicalities and meeting other enhancement requirements.
If the deal materialises, Tata digital is likely to receive the amount over two years. According to Bloomberg, the group has asked Tata digital to look for ways to boost the valuation of the super app. Discussions are still going on and the conglomerate could still change the size and timeline of a deal.&nbsp;
However, neither Tata group nor Tata digital has confirmed the news.&nbsp;
Tata Neu went live in april last year. The super app was modeled on China&rsquo;s ubiquitous Alipay and WeChat but ran into technical glitches and customer complaints soon after its launch. Tata Neu is expected to meet just half of the sales target in its debut year.

Domestic Mutual funds saw outflows for the ninth straight month in February where Rs 12500 cr were pulled out of equity mutual funds.&nbsp;
Analysts however are seeing a silver linking that the outflow is the slowest in 3 months.&nbsp;Equity assets (including ETFs) rose to a historical high of $201bn
In February, most inflows were seen in Multi Cap Funds of Rs 4100 cr and most outflows were seen in combined Flexi Cap Funds of Rs10400 cr.&nbsp;
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Mutual Funds see outflows in equity segment

Mutual funds see outflows for ninth straight month

Domestic Mutual funds saw outflows for the ninth straight month in February where Rs 12500 cr were pulled out.&nbsp;Infact Equity mutual funds witnessed the biggest outflow in three months with a total tally of&nbsp; Rs 10,468 cr outflow.&nbsp;
In February, most inflows were seen in Multi Cap Funds of Rs 4100 cr and most outflows were seen in combined Flexi Cap Funds of Rs10400 cr.&nbsp;
&nbsp;

Domestic Mutual funds saw outflows for the ninth straight month in February where ₹12500 cr were pulled out.&nbsp;Infact Equity mutual funds witnessed the biggest outflow in three months with a total tally of&nbsp;₹10,468 cr outflow.&nbsp;
In February, most inflows were seen in Multi Cap Funds of ₹4100 cr and most outflows were seen in combined Flexi Cap Funds of ₹10400 cr.&nbsp;
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