Paytm CEO Vijay Shekhar Sharma Launches VSS Investments Fund for Indian Startups

On October 23, Vijay Shekhar Sharma, the founder and CEO of Paytm, introduced the "VSS Investments Fund," a Category II Alternate Investment Fund (AIF) with a total value of Rs 20 crore and a green shoe of Rs 10 crore.

The new fund will invest in Indian-incubated firms that are specifically focused on serving Indian customers and enterprises, with an emphasis on artificial intelligence (AI) and electric vehicles (EVs).

The announcement stated that this capital will also be used for a number of follow-on investments related to Sharma's present startup ventures in the consumer and B2B tech sectors.

“The Indian startup ecosystem has some of the brightest entrepreneurs in the world, and we have the potential to become a powerhouse of advanced technology and AI-driven innovations. India's aspiration to be a $10 Trillion Atmanirbhar economy will be defined by the spirit of innovation and entrepreneurship,” said Sharma in a media statement.

Ola Electric, Josh Talks, Mesa School, UNNATI, KAWA Space, Praan, GOQii, KWH Bikes, Daalchini, and Treebo Hotels are just a few of the firms that Sharma has supported.