Inc42 Daily Brief
Stay Ahead With Daily News & Analysis on India’s Tech & Startup Economy
“Startups, those are keen to bring a change in society or services the common man or empowers women and most of all are passionate about their idea are the ones that interests me”, says the chairman emeritus of Tata Sons, Ratan Tata
Ratan Tata revealed this ideology while interacting with media persons, after addressing the convocation of the Great Lakes Institute of Management yesterday. He said that just collecting funds from investors over selling a concept and walking away is an insensitive way to look at business. With it there should be a sense of responsibility.”
Even when solicited about the size of investments, he politely said, “It’s my money. And moreover, it’s a new area for me and I have some concern that it should plateau or peak too soon. But the valuations are high.”
He has invested in almost ten startups till date including Bluestone, Paytm, Kaaryah, Lybrate, Ola, Urbanladder and Xiaomi; most of which are ecommerce centric.
Tata observes that ecommerce and etailing is the next big thing to empower and enable users to have access to internet. Besides, health and technology are other areas that will change the way India disrupts its technology.
The iconic business leader of modern India has also joined the boards of early stage venture capital fund Kalaari Capital and Jungle Ventures as an advisory to help startups build category leadership, while being ethically impregnable and culturally strong, in Asian and global markets.
So startups if you want investment from this paradigmatic personality then you know what you should have in you to gather his attention.
Note: We at Inc42 take our ethics very seriously. More information about it can be found here.