Team Blitz India
NEW DELHI: Paytm founder and CEO Vijay Shekhar Sharma has launched his maiden fund VSS Investments with an initial corps of ₹20 crore and a green shoe of ₹10 crore, making the total corpus ₹30 crore.
The SEBI approved Category II Alternate Investment Fund will target Artificial Intelligence and Electric Vehicles-led startups, a statement said. The follow-on funding of Sharma’s current startup investments in consumer and B2B space will also come from VSS Investments, it added.
Vijay Shekhar Sharma would be one of the primary contributors of the fund along with other external investors. The AIF has been sponsored by VSS Investco Private Limited, an entity owned and controlled by Vijay Shekhar Sharma and will be actively managed by a professional investment manager.