Yuvraj Singh all set to jump into start-up ecosystem has launched YouWeCan Ventures. The new venture will assist start-ups and young entrepreneurs.Nishant Singhal, Co-founder, YouWeCan Ventures, said that a lot of young entrepreneurs had been approaching Yuvraj Singh for various online start-ups seeking support. And Yuvraj himself was watching the market closely. He wanted a professional team to be set in place. Singhal has earlier worked withPricewaterhouseCoopers (PwC). He is also Yuvraj Singh’s business advisor since 2012.
Covering major sectors including healthcare, hospitality, travel, estate, sports, fashion and media, the company is planning to invest around Rs. 40-50 crores in the coming three to five years. Yuvraj Singh will start by putting his own money in the fund and then the company is planning to raise about Rs. 300 crores from other investors.
YouWeCan Venture is a six-member team including CAs, technology experts and management consultants. The firm will provide initial seed fund of Rs. 10-25 lakh per transaction to the entrepreneurs. The company is already in talks with 4-5 start-ups and will soon announce a deal closure too. The first deal is likely to be announced after IPL in June.
Many cricketers such as MS Dhoni, Sachin Tendulkar, Robin Uthappa have invested while playing, but Yuvraj Singh is the first one to jump into venture funding. Yuvraj Singh has also endorsed many brands like Puma, Reebok, Hero MotoCorp, Oakley etc.