Inspiring sportsman, cancer survivor and now venture capitalist, Yuvraj Singh aims to fund India’s next internet success story.
Yuvraj Singh, one of India’s most in-the-news sports persons has done something that no Indian celebrity has ever done. He has turned angel investor, floating a $10 million fund early April with the ambition of fostering the next generation of internet entrepreneurs.
The 33-year-old cricketer, who fought cancer to make a successful comeback to the game a couple of years ago and was the highest paid player at $2.5 million in this season’s Indian Premier League, told CNBC in a telephone interview, “I have always been somebody who has not been afraid to take risks. To make India a better place you have to take a chance.”
Betting your money on unknown enterprises that have nothing to do with cricket is a big risk given the fact that his YouWeCan Ventures will be competing with other venture capitalists with years of domain experience that are already flooding India. But Singh has spotted an opportunity that could well be the next big thing for him after cricket.
News Source: Pinnacle Financial Services