This recently established fund by Paytm CEO Vijay Shekhar Sharma is devoted to investing in Indian startups fastening on Artificial Intelligence and Electric Vehicles( EV).
SUMMARY
- The fund has a total size of Rs 20 crore, with an fresh green shoe option of Rs 10 crore
- Sharma stressed the exceptional eventuality within the Indian incipiency ecosystem, boasting some of the brightest entrepreneurs encyclopedically
- The fund will also grease follow- on investments in Sharma’s current incipiency investments in the consumer and B2B tech sectors.
Vijay Shekhar Sharma, the author and CEO of Paytm, has initiated the launch of a order II Alternate Investment Fund( AIF) known as the’ VSS Investments Fund’ on on Monday. The fund has a total size of Rs 20 crore, with an fresh green shoe option of Rs 10 crore.
This recently established fund is devoted to investing in Indian startups fastening on Artificial Intelligence and Electric Vehicles( EV). These startups are to be incubated in India and have a specific emphasis on serving the requirements of Indian consumers and businesses.
In a media statement, Sharma stressed the exceptional eventuality within the Indian incipiency ecosystem, boasting some of the brightest entrepreneurs encyclopedically. He expressed the belief that India can evolve into a mecca for advanced technology and AI- driven inventions.
“ The Indian incipiency ecosystem has some of the brightest entrepreneurs in the world, and we’ve the eventuality to come a hustler of advanced technology and AI- driven inventions. India’s aspiration to be a$ 10 Trillion Atmanirbhar frugality will be defined by the spirit of invention and entrepreneurship, ” he said in a media statement.
Sharma has preliminarily supported several startups, including Ola Electric, Josh Addresses, Mesa School, UNNATI, KAWA Space, Praan, GOQii, KWH Bikes, Daalchini, and Treebo hospices. The’ VSS Investments Fund’ will also grease follow- on investments in Sharma’s current incipiency investments in the consumer and B2B tech sectors, according to the statement.
Sharma will serve as one of the primary contributors to the fund, alongside other external investors. The AIF is patronized by VSS Investco Private Limited, an reality possessed and controlled by the Paytm author.
