Ratan Tata (File photo)   |  Photo Credit: IANS
- Ratan Tata believes that investing in startups has been a learning experience for him
- Ratan Tata recently invested in healthcare startup iKure
- Ratan Tata has invested in over two dozen startups in the last few years
Ratan Tata, one of the leading businessmen and patriarch of the Tata Sons, dreams of an equal India where the rich and poor have equal opportunities. He has been a significant support behind the rise of startups in India. The Tata group has invested in numerous sectors of the economy over the years, be it telecom, software, groceries, fashion or automobiles. The most recent investment made by Ratan Tata into the startup world is iKure, which delivers primary healthcare services through a network of clinics, digital technologies, and frontline health workers.
83-year-old, Ratan Tata is known for his support towards startups and has made several investments in many companies in personal capacity after retiring as a chairman in 2012. Most companies that he invested in have turned out to be Unicorns over the years. The industrialist was an early backer of OLA and OLA electric. He also invested in fintech unicorn Paytm, Snapdeal, Cure Fit, Torkmotors, iKure Urban Ladder, LensKart, Firstcry, CarDekho, Dogspot, Xiaomi, bluestone.
As per media reports, Tata Group Patriarch, Ratan Tata has said that when it comes to picking up the right startup to invest in, he relies on his intuition. “I entered the startup sector as an investor partly by accident. During the years that I wish I was with the Tata group, I always looked at the startups as a sector that is exciting but somewhat untouchable because somewhere there will be a conflict of interest with the Tata Group.” he shared in one of his interviews early this year.
In a first-ever for entrepreneurs, Ratan Tata also put together a startup pitch deck for companies after a launching a poll on his Instagram account in 2019. “The young debuting entrepreneurs among you are setting out on your exciting startup journeys, but you’ve often asked what the first step might be. I have, with the help of my office, put together a basic entry-level pitch deck, which if nothing else, might help you collect your thoughts and get started. I encourage you to research its elements, and create your own recipe, that helps you seek investments and take your stories further, stories that I cannot wait to see succeed. Wishing you all the very best!” ..as uploaded on his Instagram.