From an ace sportsman to an inspiring cancer survivor and now, a venture capitalist – Yuvraj Singh may just be the first celeb start-up investor. In a move to aid a bunch of potential internet entrepreneurs, Singh gave away $10 million as an investment in April. In an interview to CNBC, he said, “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.
Unlike other cricketing peers who have invested in gyms and restaurants, Singh has seen potential in future internet brands that can immensely contribute to areas like wellness, healthcare, professional education and even the rural economy.
“I see young people in India with amazing ideas, I see great potential and want to help these youngsters. If you have the tools to make a building why not,” said Singh.
YouWeCan Ventures, which plans to grow into a $40 million fund in the next five years, is now looking to hire experienced fund managers and advisors to expand its team.