The startup fever is gripping India. After the VC’s and individual businessmen, it is now the cricketers who are turning into venture capitalists. Indian allrounder Yuvraj Singh has launched his own investment company called YouWeCan Ventures Technology Llp with the aim of investing in and supporting emerging Indian startups.
Through his venture, Yuvraj plans to invest around $8 million (INR 50 crores) in healthcare, media, travel, hospitality and real estate over a span of 3-5 years.The fund is expected to raise around Rs 300 crore from other investors during the period. As of now YouWeCan Ventures consists of 6 members, and it intends to invest around $15,000- $40,000 per startup at the seed stage.
“I had been thinking about this for four-five years. There are a lot of young entrepreneurs with great high-potential ideas and I plan to invest in these startups, to build their brands and companies,” Yuvraj Singh told Economic Times.
YouWeCan Ventures will announce its first investment in June right after the IPL season.