# IIT Delhi Endowment Fund

IIT Delhi Endowment Fund is an Endowment / Foundation based in New Delhi, India.

## Overview

- **Organization type:** Endowment / Foundation
- **Headquarters:** New Delhi, India
- **Region:** Asia
- **Address:** Hauz Khas, New Delhi, 110016, India
- **Founded:** 2019
- **Assets under management:** ~$50 million (Altss estimate)
- **Website:** endowment.iitd.ac.in
- **LinkedIn:** https://in.linkedin.com/company/iit-delhi-endowment-management-foundation

## Regulatory record

- **Reports private funds:** No

## About

The IIT Delhi Endowment Fund launched in 2019 as India's inaugural university endowment, modeled on the perpetual-capital frameworks of U.S. institutions. Its founding corpus drew ₹100 crore from Binny Bansal and ₹25 crore from Sachin Bansal, the Flipkart co-founders who anchored the philanthropic vision. The IIT Delhi Endowment Management Foundation governs the pool, channeling investment returns into charitable grants for the institute's research programs, student scholarships, and physical infrastructure. Investment returns fund campus grants, but the underlying strategy pursues early-stage venture exposure through direct startup commitments and fund allocations. The endowment's board blends entrepreneurial and institutional capital: Sashi Reddi built SRI Capital, Vikram Gupta founded IvyCap Ventures, and Gautam Kumra leads McKinsey India. Confirmed structural assets include the Mittal Sports Complex and the Yardi School of Artificial Intelligence on the Hauz Khas campus, alongside a hostel complex in RK Puram and a Jhajjar extension campus in Haryana. Team strength derives from a board of eleven IIT Delhi alumni who operate their own funds and companies. Binny Bansal, Neeraj Arora, and Alok Mittal bring venture-building and operating heft, while Punita Kumar-Sinha's Investment Advisory Board shapes portfolio allocation. Board members participate in YPO and TiE networks, creating a parallel sourcing funnel for deal flow. The endowment also coordinates with affiliated foundations in the U.S. and the U.K. to widen its donor base. The endowment's structural difference lies in its alumni-governed venture sleeve: the same individuals who built Flipkart, WestBridge Capital, and IvyCap Ventures steer the investment committee, collapsing the distance between donor and allocator. This makes IIT Delhi's model less a passive grant-making entity and more an active early-stage platform, where board members' own networks and funds co-locate capital alongside the endowment's mandate.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- Consumer Tech

## People

- Sashi P. Reddi — Chairperson
- Binny Bansal — Board Member
- Sachin Bansal — Donor
- Sandeep Singhal — Board Member
- Vikram Gupta — Director
- Gautam Kumra — Director
- Saurabh Mittal — Board Member
- Neeraj Arora — Board Member
- Alok Mittal — Director
- Punita Kumar-Sinha — Chairperson of the Investment Advisory Board
- Ranu Vohra — Board Member

## Questions

### Who runs investment decisions at IIT Delhi Endowment Fund?

A board of IIT Delhi alumni, chaired by Sashi P. Reddi, governs the endowment. Investment decisions are shaped by the Investment Advisory Board, led by Punita Kumar-Sinha, and the directors, including IvyCap Ventures founder Vikram Gupta and Indifi Technologies co-founder Alok Mittal. The board's composition means deal sourcing often runs through members' own venture networks.

### How does the endowment source proprietary deal flow?

Board members run their own venture capital firms — SRI Capital, IvyCap Ventures, WestBridge Capital — and tap their portfolio relationships for deal flow. Membership in TiE and YPO provides an additional conduit to early-stage founders. The endowment can also co-invest alongside these directors' funds.

### What investment stages does the endowment typically target?

The endowment's strategy covers the early-stage venture spectrum, from seed to startup. Board members have historically backed companies at pre-seed, seed, and Series A stages. The deep operator bench means the endowment can evaluate technical and enterprise-focused startups with unusual granularity for a philanthropic pool.

## Related profiles

- [The Samuel Bronfman Foundation](https://altss.com/profile/the-samuel-bronfman-foundation)
- [Community Foundation of Rappahannock River Region](https://altss.com/profile/community-foundation-of-rappahannock-river-region)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/iit-delhi-endowment-fund

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