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Ratan Tata joins venture capital firm Kalaari Capital in an advisory role

Mr.Ratan Tata and Kalaari MD Vani Kola

Mr.Ratan Tata and Kalaari MD Vani Kola

Mr.Ratan Tata and Kalaari MD Vani Kola

Tata Sons chairman emeritus Ratan Tata will be joining the venture capital firm Kalaari Capital in an advisory role, reports the Economic Times. In his new position, Tata will guide and mentor founders of startups in Kalaari’s portfolio.

Note that Tata had stepped down from the Tata Group Chairmanship in December 2013 and has since then invested in various e-commerce companies. This includes a personal investment in the e-commerce marketplace Snapdeal in August last year, an undisclosed amount of investment in the online jewellery store Bluestone in September last year, an undisclosed amount in online furniture store Urban Ladder in November, and an undisclosed amount in the online car classifieds portal CarDekho yesterday.

Kalaari Capital has also invested in some of these startups in the past. BlueStone had raised $10 million investment led by Kalaari Capital with participation from existing investors like Accel Partners and Saama Capital in March 2014. Urban Ladder had raised $21 million from Steadview Capital, and existing investors SAIF Partners and Kalaari Capital in July 2014 and had raised $5 million from SAIF Partners and Kalaari Capital in November 2013 and $1 million from Kalaari Capital in August 2012. The venture capital had also participated in investing in Snapdeal, when Snapdeal raised $133.7 million in a round headed by eBay last year.

Other than this, Kalaari has invested in various e commerce ventures over the past year. This includes an investment in Grabhouse and Superprofs just last month, an investment in Instamojo in November, $1 million investment in Haptik and an investment in Power2SME in September, an investment in TipHobo in June and in Embibe in May, a Rs 30 crore investment in Swipe Telecom in April and a $3 million investment in Germin8 in March among others. Other startups in its portfolio include Fin, Magzter, Metti, Simplilearn, Tallenge and Dream11 etc.

Image source: Kalaari Capital

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