Mumbai-based ENpower, the business school for teens, has raised seed funding of over $374,000 from an investor consortium led by Nikhil Vora, founder and chief executive officer, Sixth Sense Ventures, a domestic consumer-centric venture fund.
ENpower plans to use the funds to expand its reach to 300 schools in the next two years and build tech platforms to encourage innovation and entrepreneurship among young minds, it said in a statement.
It has also rolled out the second season of India's Future Tycoons (IFT), which it claims is the country's first entrepreneurship search and mentoring platform exclusively for young adults between 13-17 years of age, the statement added.
India’s Future Tycoons is an entrepreneurship search and mentoring platform for high school students.
The theme for this season’s IFT is India's growing water crisis. It expects 25,000-30,000 students from across the country to participate in the idea challenge and has already on-boarded United Nations Global Compact Network India (UNGCNI) as a sustainable development goal (SDG) partner and Atal Innovation Mission (AIM) as an innovation partner, ENpower said.
“India has the youngest population in the world and thereby a thriving ideas market needs to inculcate entrepreneurship at a young seeding stage. Elated that the mission of ENpower is to engage with students in their formative years in grades 6-10, towards entrepreneurship,” said Nikhil Vora, founder and chief executive officer, Sixth Sense Ventures.
Vora is the founder and chief executive officer of Sixth Sense Ventures. He was earlier the managing director and head of research at IDFC Securities. The venture fund was founded in 2014.
The first edition of IFT saw 3,300 students from 252 schools across 52 cities participating in the entrepreneurship challenge, the programme had earlier said.