Who is Kresha Gupta, who launched 100 crore SME fund at the age of 24?

At a time when the startup world is grappling with funding crunch, a chartered accountant has taken everyone by surprise by launching a mega fund for small and medium enterprises. This work has been done by ICAI registered CA Kresha Gupta, whose age is just 24 years.

became the youngest such investor

Ahmedabad-based Gupta has launched a Rs 100 crore fund for SMEs and startups. Along with this, she has also become the youngest woman investor to launch a focused fund on SMEs and startups. His company Chanakya Opportunities Fund I has given information about this.

This option along with the fund

Chanakya Opportunities Fund I is registered with SEBI and is a Category-2 Alternative Investment Fund. The company has announced the launch of a Rs 100 crore fund focused on SMEs and startups, with a green shoe option of an additional Rs 100 crore. This means that if needed, SMEs and startups can also get additional funding of Rs 100 crore from this fund.

Received SEBI approval last month

This fund is a part of Chanakya Fund Trust. Chanakya Fund Trust had received approval from SEBI last month to launch Category-2 Alternative Investment Fund. Gupta said about this that his goal is to create world class investment products for investors in the Indian market with low cost. She said that keeping this in mind, she will launch the product further.

Kresha Gupta gave this information

Kresha Gupta further said that Chanakya Opportunities Fund is the first offering. We are planning to raise Rs 100 crore in the first year, he said. This is a closed-end fund and we will take subscriptions for a period of five years, which can be extended twice of one year each. He said that under the fund, investments will be made in such small and medium companies of the unorganized sector, which are making profits and whose prospects are better. He said that 51 percent of the total fund will go to companies that are not listed on the stock exchanges.

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