Ratan Tata, chairman emeritus of Tata Sons Ltd., has been on an investment spree and has invested in around 25 companies in past 24 months. His profile has some of India’s top valued companies such as Snapdeal, Zivame, OLA and Urban Ladder.
Ratan Tata’s privately held investment firm RNT associates now has partnered with chief investment officer’s office of the University of California to jointly fund startups and other enterprises in India over the period of next 10 years.
However, the joint venture has not disclosed any investment targets and financial inclusions.
“Many details need to be worked out. 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.
Chief Financial Officer of University of California, Jagdeep Singh Bacchar believes that there are several interesting opportunities in India across various sectors, such as healthcare and energy. He also said that there are several alumni from their university who are probably trying to build a company in India and could be tapped.
“We would be funding some of the best teams and giving them the runway and opportunity,” said Jagdeep Singh.