Ratan Tata’s VC fund to invest $300 million in start-ups in India, SouthEast Asia and US
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The VC fund is headquartered jointly in Mumbai and Singapore, and will most probably be investing $10-15 million funds in tech businesses.
It was in February 2016 that Ratan Tata’s investment firm,
Also read: Tatas are going to benefit the most from India’s 100 per cent FDI in civil aviation decision. Here’s how
The first two start-ups to have held discussions with RNT Capital are InMobi, the mobile advertising platform and Qikpod, the logistics start-up. Other than these Indian start-ups, the fund would also be investing in two US-based companies.
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Also read: Exclusive: “InMobi emerging as third biggest marketing platform globally”: InMobi Founder-CEO Naveen Tewari
“The financing round at InMobi is still to be finalised but the other three investments (including QikPod), are likely to close soon,” a source told TOI, requesting anonymity.
Also read: Kyazoonga, the e-ticketing start-up, has found an investor in Ratan Tata
The core team of this fund includes Singapore-based Mathias Imbach, Tim Recker (MD, Private Equity and Real Assets at University of California Regents) and Mayank Singhal (former associate director at Singapore investment firm Temasek Holdings’ Indian unit).
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