India, June 21 -- Campus Fund, a venture capital firm focused on student-led startups, has launched its third and largest fund till date with a target corpus of $100 Mn.

The investment vehicle has marked its first close with more than 50% of the capital already committed and has started deploying the proceeds with two investments already made.

Campus Fund plans to back up to 60 startups via fund III over the next four years. The initial cheque size will range from INR 1-8 Cr, with half the fund reserved for the follow-on investments.

The fund is backed by family offices, entrepreneurs, industrialists, and financial institutions such as 360 One (formerly IIFL Wealth). Among the limited partners (LPs) include Kanwaljit Singh (founder, Fi...