Ratan Tata will advise IDG Ventures India as a senior advisor
Ratan Tata has joined the advisory board of venture capital firm IDG Ventures India as a senior advisor, third such move by Tata Sons' chairman emeritus this year. IDG Ventures, which holds stakes in e-tailer Flipkart and online travel portal Yatra, has offices in Delhi and Bengaluru.
Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy and growth, global expansion, team building and leadership. He will also be a special invitee, on selective basis, in portfolio company board meetings on strategic matters, said a statement.
The venture capital firm, which completes ninth year of operations in India, has backed 50 companies from its funds committing over Rs 1,000 crore in the Indian early stage technology venture capital market. Other p...