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Paytm founder floats ₹30 cr fund for AI, EV startups
Mint Mumbai
|October 24, 2023
Paytm founder and chief executive Vijay Shekhar Sharma has launched a ₹30-crore fund to back artificial intelligence (AI) and electric vehicle (EV)-related startups operating in India.
The size of the Category II Alternate Investment Fund (AIF) VSS Investments Fund' approved the by the Securities and Exchange The size VSS Inve Fund app Seb Board of India (Sebi) is ₹20 crore, along with a green shoe option of ₹10 crore. Follow-on investments for Sharma's current portfolio in consumer and B2B technology space will also come from this fund, he said in a statement.
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