Startup India: Top 5 Ratan Tata quotes on what kind of startups get his money

1/6

Tata Group patriarch and lately entrepreneur enthusiast Ratan Tata has invested in over 20 startups so far, explains exactly what kind of a company catches his fancy and then gets his money – Tata was giving a speech at TiECON, an event celebrating young entrepreneurs. The Tata Sons Chairman Emeritus has been aggressively investing in startups, ranging from e-commerce firms to cab aggregators. He has invested in firms like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi and Ola. Earlier this week, two companies — Dogspot and Tracxn – announced that Tata had invested in these firms in his personal capacity.(Image Source: PTI)<br> Here are top 5 points to note:</br>

2/6

1. Ratan Tata: Young people are the future of the country, and new startups embody the creativity and innovation of young people … If a startup doesn't excite me, then I really don't need to make an investment in that company. (Image Source: PTI)

3/6

2. Ratan Tata quotes: Greatest desire is to see India as a unified and equal-opportunity nation. (Reuters)

4/6

8. Ratan Tata: Seriously, I think the success is in the ability to take really a visionary view usually which the founder does not see where such company could go and take long-term view that most people may not take and it gives us the advantage of taking the company which goes beyond others. The risks and difficulties of these startup ventures are much less in magnitude than investing in a major company that lines up new projects as the quality of their passion is much more relevant in the startup company than it might have in larger investor. (Reuters)

5/6

3. Ratan Tata: The government's support to startups is promising, which hasn't been spelt out totally as yet. People would come to India if it makes business sense for them, either in terms of cost or closeness to the market and raw material and fair prices. (Reuters)

6/6

4. Ratan Tata: So the real test comes when they are making their due diligence to decide whether India is the place to invest, not just on the basis of Mr Modi's promise. (Reuters)