Bangalore: In the quest to become a ‘pre-eminent VC firm’, Anurag Srivastava and Amit Anand-led Jungle Ventures, ropes in the iconic business tycoon – former head of the Tata Group and the Chairman Emeritus of the Indian Conglomerate – Ratan Tata as the special advisor. Established in 2012, Jungle Ventures, an early stage venture capital firm, helps start-ups to beget category leaders from Asia-pacific. This VC firm has already made significant contribution to 30 leading Asian start-ups including LivSPace, Tradegecko, CrayonData, Fastacash, Zipdial and Travelmob.
To facilitate Jungle’s portfolio of companies, Special Advisor Ratan Tata has officially devoted to spend more time to help build a strong leadership in the new-born companies. The other advisors on board are Lim Dershing, the founder of JobsCentral, Alon Sobol, the director of Telco Relationships for Spotify and Gokul Rajaram, the product engineering lead at Square. Launched with $10 million seed fund in 2012, Jungle is also rearing up to raise its second fund with a large quantity.
Anurag Srivastava, the Founding & Managing Partner, Jungle Venture explains, “I have had the good fortune of working with Tata in the past and feel honoured to have this opportunity again to work with him. With his wealth of experience, there is probably no better advisor that we can have in this part of the world, to mentor us and our portfolio of companies”.
With a sight in Asia-Pacific, Tata has already made a significant investment in Chinese smartphone giant Xiaomi the world’s most valued start-up at $45 billion and Alibaba backed Paytm. Previously, this year, he has also joined hands with Kalaari Capital, a $350 million VC firm that has backed the endeavours of Snapdeal, Urban Ladder and Bluestone.
Demonstrating an immense faith on the companies, the Koh-i-Noor of the business world, Ratan explains, “I have made time for young entrepreneurs to drop by my office and meet me. My colleagues thought, and some still think, I am wasting my time; but I know these entrepreneurs are unique”. While stepping up for the new-born and steady companies with financial and ideological contribution, Tata is looking forward to re-shape the commercial community in Indian and the world.