Tata Group Plans to Invest Upto Rs 1,000 Crore In Tech, Healthcare Startups
Tue, 09/05/2006 - 22:34 — Sahad P VIt looks like a sort of incubation fund from the Tata group. Tata Industries is looking at picking up anywhere between 10 per cent and 26 per cent equity (or more in the later stage) in companies or startups that work in the emerging areas of technology. The group plans to invest upto Rs 1,000 crore in these ventures.
In an interview to Business Standard, Kishor Chaukar, Managing Director of Tata Industries Ltd, said that they would fund several companies ranging from an investment of Rs 5 to 15 crore for the next 5-10 years, so that there would be at least three or four of them which could be scaled up as mega businesses.
The Tatas have chosen such areas as alternative medicine and materials, non-conventional energy, agricultural inputs, biotechnology, and healthcare to focus on. They could invest in a company at any stage - even at the concept stage of a product. [Via Business Standard]
March 24, 2007
Every body will be investing in biotech, nanotech and other emerging technologies.
Revolutionery breakthrough needs funding. But I am not sure how many VC and Big corporate have patience to reap the real benefit. They just understand one thing Exit. An Early Exit.
I am not sure now who is holding Barista after Tata sold to C Sivasankaran. I guess its Lawwazzaa????
I have only one question why EXIT is only strategy??? ..
Mr. Ashok Wadhwa also made a wonderful EXIT from RSM Tax. A renouned firm called Ratan S Mama vanished?????
Is there any thing called Fundamentalist Entrepreneurship?