Paytm founder Vijay Shekhar Sharma launches fund to invest in AI, EV startups

Paytm founder and chief executive officer Vijay Shekhar Sharma launched a Category II Alternate Investment Fund (AIF) ‘VSS Investments Fund’ with a total size of the fund at Rs 20 crore with a green shoe of Rs 10 crore on October 23. The new fund will invest in startups within Artificial Intelligence and Electric Vehicles (EV)-related startups, that are incubated in India and are specially focused to serve Indian consumers and businesses.