Read on the application
Paytm founder and chief executive officer (CEO) Vijay Shekhar Sharma on Monday announced the launch of VSS investment fund for his personal investments. Securities and Exchange Board of India (SEBI) approved AIF scheme of Rs. 20 crores and out of which Rs. 10 crore green shoe option, Sharma said in the statement. Thus the total size is Rs. 30 crores.
What are the details?
According to the statement, the fund will target India-based startups related to artificial intelligence (AI) and electric vehicles (EV) and will focus specifically on serving Indian consumers and businesses. “The Indian startup ecosystem has some of the most talented entrepreneurs in the world, and we have the potential to become a superpower of cutting-edge technology and AI-driven innovation,” Sharma said.
Also Read- This IPO is opening from 25th, GMP reaches ₹72, will prosper on listing!
Sharma has previously collaborated with several startups such as Ola Electric, Josh Talks, Mesa School, Unnati, Kava Space, Pran, GOQII, KWH Bikes, Cinnamon and Treebo Hotels.