Paytm founder launches investment fund for AI, EV start-ups

11:00:00 PM, Monday 23rd of October 2023 | in business

Paytm's founder and CEO Vijay Shekhar Sharma has announced a SEBI-approved, Category II Alternate Investment Fund (AIF) named 'VSS Investments Fund.' With a total fund size of Rs. 20 crore and an additional Rs. 10 crore green shoe option, the new fund is designed to invest in Indian-incubated start-ups specializing in artificial intelligence (AI) and electric vehicles (EV). This initiative demonstrates Sharma's dedication to backing innovative start-ups in the AI and EV sectors in India.