Ronnie Screwvala does a first in Asia, launches Rs 100 cr scholarship fund

Ronnie Screwvala does a first in Asia, launches Rs 100 cr scholarship fund

Online education start-up co-founder Ronnie Screwvala has initiated an online scholarship fund, Asia’s first, with a first closing of Rs 100 crore and an aim to get to Rs 400 crore over the next 3-4 years. He has invested an initial corpus of Rs 10 crore and will raise the rest from like-minded individuals and companies as well as from CSR funding. The Fund will also partner with UpGrad, an online education platform co-founded by Screwvala. “We need 125 million young Indians in post-graduation studies and not more than 30…

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