Ratan Tata says he will be back to investing in startups
�The last five months have put me forcibly in the older mould. I long to be back in the startup community with a vigour. "
Far off from startups for past few months, Ratan Tata has now said that he will be back with a vigour to interact with entrepreneurs and invest in startups, stating that the last few months had “forcibly” taken him back to the corporate world, in a reference to the bitter downfall within his group of companies following the ouster of Cyrus Mistry.
Tata has been a major investor in dozens of startups including Ola and Snapdeal. He said, investing in startups and interacting with the community was the next page in his life post retirement, before he had to step up again as interim chairman for the Tata group.
“When I retired in 2012, I hit upon investing and interacting with startups as a new page in my life. I left the big business, crores of rupees and large challenges behind. I became so excited by the innovation, passion (in startups). It stimulated me,” Tata reminisced in conversation with Kalaari Capital’s cofounder Vani Kola. Tata is an advisor to Kalaari.
“The last five months have put me forcibly in the older mould. I long to be back in the startup community with a vigour. As of February 23 I’m back,” said Tata, in a clear reference to handing over the charge of his group to N Chandrasekaran after serving as an interim chairman during the internal crisis.