Bangalore, September 09, 2015: India’s leading technology venture capital firm IDG Ventures India announced that Mr. Ratan Tata, Chairman Emeritus of Tata Sons, has joined their advisory board as a Senior Advisor.
Speaking on this occasion, Sudhir Sethi, Founder & Chairman of IDG Ventures India Advisors said “Mr. Tata is an icon when it comes to business leadership in the new age India. His rich experience in building businesses and expanding globally from India is of immense value to our portfolio companies. We are indeed privileged and honoured today”. Mr. Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy and strengthening the organizational leadership.
IDG Ventures India marks its 9th year of operations this September. Ever since inception, the firm has advised investments in 50 companies, committing over Rs 1,000 crore in the Indian early stage technology venture capital market. IDG Ventures India is an early investor in some of the leading players like Myntra, Lenskart, Zivame, Vserv, Manthan, Perfint, NestAway, Hiree, and Uniphore among others. Marquee exits include Manthan, IVIZ and Myntra acquisition by Flipkart as a result of which IDG Ventures is an investor now in Flipkart, In a recent report titled ‘Most Active Investors in Asian Tech: Q1'15’, CB insights positioned IDGVI among the top 3 investors in Asia and India. Digital media start-up YourStory recently published a list of active seed/series A investors in the country where IDG Ventures India was highlighted as the most active early stage investor in India.
“Technology companies are changing the future across verticals like retail, healthcare, analytics and enterprise technology. The vision and experience of Mr. Ratan Tata will help us pave the way for homegrown disruptors to scale rapidly as category leaders in India and globally. This is a huge opportunity for IDG Ventures and our portfolio companies,” said Sudhir Sethi. Mr. Tata will be formally advising IDG Ventures India portfolio companies on business 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.
IDG Ventures India recently strengthened its team to expand the partnership, paving the way for more active participation in the technology venture investment ecosystem.
About IDG Ventures India:
IDG Ventures India is a leading technology venture capital fund in India. The fund is part of IDG Ventures, a global network of technology venture funds with over $6 billion under management with over 220 investee companies and 10 offices across Asia and North America. IDG Ventures has been an investor in companies including Funzio, Ctrip, Tencent, Baidu, Netscape, BabyCenter, Sohu, Vancl and VinaGame. In India, IDG Ventures has invested in companies such as Flipkart, Myntra, Yatra, Newgen, FirstCry, Vserv, Manthan, Lenskart, Adadyn, Zivame, Hiree and NestAway.