<h1>Venture capital fund raises $100 million for student and dropout-led startups, targeting 60 investments over four years</h1> A venture capital fund specializing in student and college dropout-led startups has launched its third fund with a $100 million corpus, marking its largest fundraising to date. The SEBI-registered fund targets first-time founders who are current students, recent dropouts, or within three years of graduation. Over 50% of the fund is already committed, with initial investments completed. The fund operates through a network of 100+ student scouts across universities, evaluating over 7,000 startups annually. Fund III will invest in up to 60 startups over four years, writing checks ranging from Rs. 1 crore to Rs. 8 crore, with half reserved for follow-on investments.