Ratan Tata invests in Delhi-based Invictus Oncology

Ratan Tata, chairman emeritus of Tata Sons Ltd, has invested an undisclosed amount in Delhi-based Invictus Oncology.

The investment is a part of company’s Series A round of funding. Earlier, Navam Capital and Aarin Capital invested in the company in the round.

Invictus will use the money to advance its lead molecule to completion of Phase I clinical studies, and to file a second investigational new drug (IND) application, milestones which translate into substantial value inflections for Invictus Oncology over the next 12-18 months.

“I have admired Ratan Tata’s insights and astute assessment of technology for decades now, So I am thrilled he has invested in Invictus, which is not just developing ground-breaking innovations for cancer treatment, but is also among the very first startups based out of India to tread the path of novel discovery and biotech innovation,” said Raghunath A. Mashelkar, co-founder, Invictus.

“We are getting excellent traction from investors, both from India and outside,” said Shiladitya Sengupta, co-founder, Invictus and assistant professor of medicine at Harvard Medical School.

Founded by Shiladitya Sengupta, Padma Vibhushan and Raghunath A. Mashelkar, Invictus focuses on the development of novel therapeutics for cancer treatment.

For Tata, this is the seventh known investment in the year. The others include Teabox, a Darjeeling-based online tea retailer; Dogspot.in, an online pet care shop; babycare products retailer FirstCryMoglix, an online marketplace for business and industrial supplies and coupons site CashKaro.

After stepping down from an active role in Tata Group, Ratan Tata has become an influential investor in Indian as well as international startups. Last year, he made around 18 investments across different sectors.

Also Read: India 2015: Mohandas Pai, Ratan Tata, Kunal Bahl among top angel investors
India: Ratan Tata, University of California team up to fund startups over next 10 years
India: Ratan Tata finds some startup valuations ‘high’

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.