Sudhir Sethi, Founder & Chairman of IDG Ventures India Advisors on this development said, “Mr. Tata is an icon when it comes to business leadership in the new age India. His rich experience in building businesses and expanding globally from India is of immense value to our portfolio companies. We are indeed privileged and honoured today”. Mr. Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy and strengthening the organizational leadership.
IDG Ventures India is completing nine years of operations this month. Ever since its inception, IDG has advised investments in 50 companies, committing over $150 Mn (INR 1,000 Cr.) in the Indian early stage technology venture capital market. A few of its investments include Myntra, Lenskart, Zivame, Vserv, Manthan, Perfint, NestAway, Hiree, and Uniphore among others.
Marquee Exits include, Manthan, IVIZ and Myntra acquisition by Flipkart as a result of which IDG Ventures is an investor now in FlipKart.
Tata will be formally advising IDG Ventures India portfolio companies on business growth, global expansion, team building and leadership. He will also be a special invitee, on selective basis, in portfolio company board meetings on strategic matters.
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