Ratan Tata, Chairman Emeritus of the Indian Conglomerate, Tata Sons has joined Jungle Ventures as a Special Advisor.
Founded in 2012 by Anurag Srivastava and Amit Anand, Jungle Ventures, is an early stage venture capital fund, with a firm focus on helping build innovative technology led companies out of the Asia-Pacific.
Jungle has already made investments in 30 leading Asian startups, including the likes of Zipdial (recently acquired by Twitter), LiveSpace, Tradegecko, CrayonData, Fastacash and travelmob (acquired by Nasdaq listed HomeAway).
In his role as Special Advisor, Tata has formally committed to spend time with Jungle’s portfolio of companies to help them build category leadership, while being ethically impregnable and culturally strong, in Asian and global markets.
Jungle Ventures, is best known for guiding the growth of portfolio companies across Asia, with its ‘operations as a service’ model.
Full time partners at the fund offer deep expertise and handhold early stage ventures, across areas like, marketing and design, product management, engineering and recruiting.
Some of the other advisors that currently work with Jungle and their start-ups include Gokul Rajaram, Product Engineering Lead at Square, Lim Dershing, Founder of JobsCentral and Alon Sobol, Director of ISP/ Telco Relationships for Spotify.
Anurag Srivastava, Founding and Managing Partner, Jungle Ventures said, “I have had the good fortune of working with Mr. Tata in the past and feel honoured to have this opportunity again to work with him. With his wealth of experience, there is probably no better advisor that we can have in this part of the world, to mentor us and our portfolio of companies.”
Over the last two years, Tata has invested in over 10 start-ups in his personal capacity to encourage the ecosystem, including online marketplace Snapdeal, online furniture retailer Urban Ladder and most recently, taxi aggregator Ola, among others.