Tata Sons interim chairman Ratan Tata will once again start focussing on investing in start-ups once he hands over the reins of the Tata group to N Chandrasekaran on February 23.
At an event organised by venture capital firm Kalaari Capital, Tata expressed his intention of going back to investing in start-ups from which he had to take a break in October last year following the Group’s decision to remove the then chairman Cyrus Mistry.
This resulted in lengthy battle both in courts and outside.
Ratan Tata has emerged one of the leading angel investors in the country and has backed more than 35 start-ups which include certain prominent names including Snapdeal, Paytm, Ola, Urban Ladder etc.
Though his investments in these firms are of smaller size, they bring a great value in terms of his stature and a deep experience building companies to scale.
During an interaction, Tata also advocated a more open market system but wanted certain regulatory intervention to ensure a level playing field.
Ratan Tata also flagged off the new initiative of TeamIndus, a private Indian company planning to land a rover on the moon, called Moonshot Wheels. This will be a bus which will traverse 11 states, 12,500 kms in 12 months, across India impacting 36000+ students in government schools.
The bus will carry 16 science experiments, live satellite tracking and Moon rover.