The Indian School of Management and Entrepreneurship has declared the launch of a new program headed by YES Bank chief Rana Kapoor’s daughter Radha Kapoor. The program is commonly known as ISM ACE, which has been launched for fintech startups in Mumbai. Radha Kapoor will manage ISME under the holding company DOIT Group, as part of The Three Sisters Institutional Office. The Indian School of Design and Innovation is managed and controlled by the three sisters Roshini, Rakhee and Radha.
Apart from this program, Kapoor also talked about the launch of ₹100 Crore ($15.5 Million) fund which will be utilized for early-stage startups. The Category 1 Alternative Investment Fund will function independent of The Three Sisters and cater in the fintech space.
Moreover, ISME ACE is eyeing on to launch pad for early-stage fintech startups. These startups would build products and solutions to help the early-stage startups and utilize their amount in developing traditional capacities. ISME has partnered with IBM, Microsoft and Amazon Web Services to provide assistance to the startups. IAN and LetsVenture have come onboard for fintech startups looking for follow-on capital.