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World|business|February 11, 2016 / 03:32 PM
Ratan Tata, US varsity to invest in Indian start-ups

AKIPRESS.COM - The private company of Tata Group doyen Ratan Tata will jointly invest with the $100-billion investment arm of the University of California, in start-ups and companies in India that focus on the segments of mobile telephony, energy, health care and emerging technologies.

The investment cycle would be over 10 years, allowing the recipient companies to mature and earn returns.

Tata’s R N Tata Associates would be the vehicle to fund investments by the University of California (UC) partner, managed by its chief investment officer, Jagdeep Singh Baccher.

In November, Tata joined as an advisor to the investment wing of UC to help on international strategy and investments of over $1 billion in three years into public markets and private assets in Asia, including India.

“We are looking at long-term, patient investments on solutions that don’t lend to an IPO (initial public offer of equity) or exit on a valuation basis. The focus is to bet on great people and build enterprise,” said Baccher.

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