RNT Associates, the privately held investment firm of Ratan Tata has partnered with the chief investment officer’s office of the University of California, to jointly fund startups and enterprises in India over the next 10 years, reports the Mint. The new partnership will look to invest in various sectors, including healthcare, alternate energy etc. However, it did not disclose how much the fund will invest in each startup, or the startup selection procedure. Note that Ratan Tata has generally invested in startups that have already raised a significant round of funding, rather than participating in seed or early-stage funding. Ratan Tata investments: Last month, coupons and cashback deal website Cashkaro raised an undisclosed amount in funding from Ratan Tata. Other than this, he has invested in over a dozen startups over the last year or so in his personal capacity, although the amount has never been disclosed. These include startups from varying fields including UrbanClap, Holachef, predictive analytics firm Infinite Analytics, YourStory, Lybrate, Ola, women’s fashion portal Kaaryah and Paytm. Full list of his investments. Kalaari Capital advisor: Other than this, Tata also joined the venture capital firm Kalaari Capital in an advisory role in February last year. Interestingly, Kalaari has also invested in some of the startups Tata has; 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…
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...