Friday , 30 September 2016

Ratan Tata invests in Tracnx, the second investment in 2016  

 

Ratan Tata invests

Ratan Tata, chairman emeritus of Tata Group, attends a session at the Boao Forum for Asia in Boao, Hainan, China, on Wednesday, April 9, 2014. The Boao Forum for Asia takes place from April 8-11. Photographer: Brent Lewin/Bloomberg via Getty Images

 Ratan Tata is a household name; every enthusiastic entrepreneur wants to work with him. It is his charisma and business expertise that makes new age entrepreneurs trust this veteran. Ratan Tata is not only about being a Tata Son but also about being a Nationalist. He has worked really hard on varied fronts to ensure that India maintains a good stance and is winning in many cases.

It’s been quite a while since Ratan Tata took retirement from Tata Industries and started working as a mentor and investor for new startups. His tenure as an angel investor has been really successful. He holds a lot of good startups in his investment portfolio. Be it giants who have made it large or be the new startups with a product that can solve a problem; each one of them are grateful to Ratan Tata for being the guiding light in their lives.

Tracnx is not a new name in the Indian Startup Community; they have already raised varied rounds of funding from Flipkart Founders. Reportedly a sum of $3.5 Million was raised in the first round from SAIF as well.

Taking their endeavor of raising funds forward this time they have secured funds and supports from none other than Ratan Tata. Ratan Tata, the chairman Emeritus is reported to invest an undisclosed amount in this startup. Tracnx has claimed growth of 400 % in the past financial year is also expecting to their own record in the coming financial year. It is good to be a treat for everyone in the country to see this startup scale higher and higher and solve real life problems.

Abhishek, Founder, Tracxn said, Ratan Tata is a trusted household name and his way of building things has played a critical role in how our thoughts shaped up in early days of our lives. To get an opportunity to build our startup under his direct mentorship, is probably the best thing we could ask for. Today we work with over 300 customers across 20 countries. As we expand across geographies, his unconventional ways of building large companies with high diversity will be very useful.

 

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