homevideos Newsindia NewsIIM Ahmedabad launches its endowment fund with an initial Rs 100 crore commitment
IIM Ahmedabad launches its endowment fund with an initial Rs 100 crore commitment
The Indian Institute of Management, or IIM Ahmedabad, on Tuesday announced the launch of the IIM Ahmedabad Endowment Fund.
The Indian Institute of Management, or IIM Ahmedabad, on Tuesday announced the launch of the IIM Ahmedabad Endowment Fund.
Launched by Kumar Mangalam Birla, chairperson of IIMA board of governors, the fund has attracted an initial commitment of Rs 100 crore from 10 founding alumni members. The eventual plan is to raise Rs 1,000 crore over a period of five years.
CNBC-TV18 caught up with Sandeep Singhal, co-founder of WestBridge Capital and Sequoia Capital India, both batch from the 1999 batch, and Deep Kalra, founder and group CEO of MakeMyTrip, from the 1992 batch, to talk about the fund.
She also spoke to Tauseef Khan, CEO and co-founder of Gramophone, an agri tech platform that has tie ups with the local rural entrepreneurs for last mile delivery to support the disrupted rural supply chain. He talked about the innovations at Gramophone to support the agri market and the opportunities in India’s agronomy.
Further, CNBC-TV18 was in conversation with Sharad Sanghi, CEO of Global Data Centers and Cloud Infra (India) of NTT. He talked about the need to adopt remote working processes and the spike in demand for bandwidth and cloud storage as well as demand for security technologies.
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