Ratan Tata invests in Indias start-up culture

Ratan Tata invests in Indias start-up culture
Ratan Tata invests in Indias start-up culture

The Tata Group's Chairman Emeritus, Ratan Tata, has made his 14th investment in an Indian start-up with Holachef.The online marketplace for home chefs and professionals is the latest to catch the attention of his RNT Associates as part of a strategy to invest between Rs 10 and 50 million in promising Indian start-ups since his retirement in 2012.Saurabh Saxena, co-founder of Holachef, said: “Ratan Tata's name and body of work are synonymous with trust and consumer focus. By winning his trust, we have raised the bar of quality and excellence for ourselves.”Founded in May 2014, Mumbai-based Holachef has received about $3 million from Kalaari Capital and is a platform where home and professional chefs offers their meals at affordable prices.Tata's policy to handpick promising start-ups is expected to go a long way in promoting a start-up friendly environment in India.Asked by India Inc. about the rationale behind these investments, he said: “India is a big country with a tremendous appetite for computer-based or Internet-based services. It is a nascent industry and I have chosen to support it.”With a personal wealth pegged at $1 billion, he certainly has the stash to support this sector which is on the cusp of a boom.

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