Yuvraj starts new innings as businessman; sets up firm to support young entrepreneurs

New Delhi, April 7: Yuvraj Singh, IPL's costliest player this season, is set to start a new inning as a businessman.

The 34-year-old all rounder is floating a new business venture, 'YouWeCan' which aims to support young entrepreneurs by investing in start-ups across sectors.

Yuvraj will invest Rs 50 crore, mostly is money, over a period of three to five years in the ventures fund.

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The fund is expected to raise around INR 300 crore from other investors during the period.

"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," Singh was quoted as saying in ET report.

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YouWeCan Ventures will mainly fund startups in sports products, healthcare, travel and tourism, services and fashion, e-commerce and hospitality. The plan is to offer seed capital ranging from INR 10 lakh to INR 25 lakh.

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The left-handed all-rounder is the costliest player in the Indian Premier League. Delhi Daredevils bought him for a whopping Rs 16 crore from Royal Challengers Bangalore, who had paid 14 crore last season.

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