Technology venture capital firm IDG Ventures India announced that Ratan Tata, Chairman Emeritus of Tata Sons, has joined its advisory board as a Senior Advisor.

Tata will be advising IDG Ventures India and portfolio entrepreneurs on its overall business strategy, growth, global expansion, team building and strengthening the organisational leadership. He will also be a special invitee, on selective basis, in portfolio company board meetings on strategic matters.

Sudhir Sethi, Founder & Chairman of IDG Ventures India Advisors, in a statement 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”.

IDG Ventures India marks its 9th year of operations this September. 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,

“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 home grown 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.

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