India: Ratan Tata, University of California team up to fund startups over next 10 years

RNT Associates, the privately held investment firm of Ratan Tata, and the chief investment officer’s office of the University of California have partnered to jointly fund start-ups and enterprises in India over the next 10 years.

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested in more than 25 start-ups in the last two years including online market place Snapdeal (Jasper Infotech Pvt. Ltd), online furniture store Urban Ladder (Home Décor Solutions Pvt Ltd), Ola (ANI Technologies Pvt. Ltd), online lingerie store Zivame (Actoserba Active Wholesale Pvt. Ltd) and many others across sectors such as healthcare, automotive financial inclusion and e-commerce.

“Though many details need to be worked out, the joint view is to encourage entrepreneurship. We haven’t pre-judged what we are going to do, or the size of investments but we are looking to invest in young entrepreneurs and believe that the University of California could provide great assistance to them,” said Tata, chairman of RNT Associates.

“We are looking for interesting opportunities across sectors, be it healthcare or alternate energy, and would be funding some of the best teams and giving them the runway and opportunity,” said Jagdeep Singh Bachchar, chief investment officer, University of California.

They didn’t disclose investment targets or corpus details.

Tata’s investing interests have largely been limited to companies that have raised significant amount of capital and have raised multiple rounds of funding. Tata has made small investments ranging from Rs.10 crore in online market place Snapdeal to Rs.10 lakh in Zivame.

Bachchar said there would be a significant number of alumni from the University of California who are in India, and are probably trying to build companies, who could also be tapped.

Also read:

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India 2015: Mohandas Pai, Ratan Tata, Kunal Bahl among top angel investors

 This story was first published on Livemint.com

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.