The SEBI-approved VSS Investments Fund dedicated an initial corpus of Rs 20 crore and a Rs 10 crore green shoe option, is dedicated to nurturing India-based startups focused on serving Indian consumers and businesses, according to a statement.
Beyond supporting new AI and EV startups, this fund will also bolster Sharma’s stakes in his current portfolio of 21 companies, including Ola Electric, Mesa School of Business, GOQii, Daalchini Technologies, Treebo, UNNATI and more. External investors are also welcome to participate.
VSS Investco is controlled and sponsored by Sharma. The fund comes at a time when India’s startup landscape is seeing remarkable growth, particularly in the AI and EV sectors. According to the film, this investment aligns with the “vocal for local” initiative and underscores the pivotal role technology plays in India’s future.
Categories: Other News