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Roots Ventures Brings Vijay Shekhar Sharma as anchor InvestorRoots Ventures, is a multi-stage sector agnostic alternative investment platform | ||
New Delhi, Delhi, India Roots Ventures, announced bringing in Mr. Vijay Shekhar Sharma, the Founder of Paytm as an anchor investor in its maiden fund. The fund is raising INR 200 crore with a green shoe option of INR 100 crore to invest in opportunities arising out of increasing per capita income, changing spending pattern of the consumers and technology disruption around these segments. The anchor investors and partners have contributed 20% to the target fund corpus.
“I am thrilled to have Vijay as one of the anchor investors of our maiden fund. I got to know VSS when I bought into his vision very early on in 2010 and was fortunate to be an early shareholder in One97 (Paytm) through my first fund at IDFC IA. I am glad we have been able to develop a relationship where today he has reposed his trust in us as an anchor LP and we hope it's just the beginning of this leg of our relationship. The fund also counts industry stalwarts like Mr. Pravin Gandhi of Seedfund, Mr. Sandeep Kohli ex CEO of Yum International for the Indian subcontinent and Mr. Kushal and Mr. Chaitanya Desai of Apar Industries as its other key investors."
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Media Contact Details
Minnal Agarwal
Dizuna Communications 91 9811230543 |
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