Ratan Tata said his investments in start-ups are aimed at enabling goods and services to reach a large section of the population, although the chairman emeritus of Tata Sons Ltd admitted that valuations of some of these companies are high.
“There are tremendous opportunities in reaching this population and the task is being undertaken by passionate young people. They need backing,” said Tata, who is also chairman of Tata Trusts. “Having said that, some of the valuations are pricey. I support those who are really making a difference.”