White Venture Capital (WVC), a venture capital firm started by Pine Labs chief Amrish Rau and neobank Jupiter founder Jitendra Gupta, on November 10 announced a new programme for executives and former startup founders who want to build a new venture.
“In our fund, we have launched an interesting concept to fund executives and senior startup folks who want to quit and build their startup. We will give (them) incubation support, $500K, our networks in fintech and market knowledge,” Rau told Moneycontrol.
The move comes at a time when the startup ecosystem in India has been rocked by layoffs as funds dry up, leaving more than 17,600 people without jobs.
According to White Venture Capital’s LinkedIn post, applications for the "Call to Adventure" programme were now open.