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Getting serious about ‘operations as a service’, Jungle Ventures brings on board Ratan Tata

Jungle Ventures new fund
Jungle Ventures new fund

Ratan Tata, chairman emeritus of Tata Sons joins Jungle Ventures as special advisor. The Singapore-based VC has been investing in technology led companies in Asia-Pacific since 2012. Tata himself was the chairman of the Indian conglomerate Tata Group from 1991 to 2012 and under his leadership Tata acquired Tetley, Jaguar Land Rover and Corus.

With Tata on board, the portfolio companies of Jungle Ventures will receive mentoring to grow and develop leadership to sustain themselves in global and Asian markets. Jungle has invested in 30 Asian startups including LivSpace, Tradegecko, CrayonData and Fastacash. “As our companies look to become global category leaders in various markets, Mr. Tata will help us and our entrepreneurs understand the economics and dynamics of those markets,” Amit Anand, founding and managing partner at Jungle Ventures, said in a statement.

Ratan_Tata_photo
Ratan_Tata_photo

Jungle Ventures functions on an ‘operations as a service’ model. Full time partners at the VC provide advisory services and guidance to early stage startups across areas like marketing and design, product management, engineering and recruiting. Some of the other advisors working with Jungle are Lim Dershing, founder of JobsCentral and Alon Sobol and director of ISP/Telco relationships for Spotify, and Gokul Rajaram, product engineering lead at Square.

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Operations as a service (OaaS) is a model that follows the idea of providing infrastructure and business platform support to a company to ensure a strong base for it to operate on. A startup needs handholding in many aspects to stay afloat in the market and Jungle’s model claims to help them make informed decisions. Tata fits into Jungle’s current strategy. “With Mr. Tata by our side, we have the opportunity to become the most impactful Venture Capital firm out of the Asia-Pacific, with multiple platforms to enable creation of entrepreneurship and formation of significant companies,” added Anurag Srivastava, founding and managing partner at Jungle Ventures.

Tata has been actively participating in the Indian startup scene. Yesterday, Ola announced its backing by Ratan Tata and in the last year, he has invested in 10 companies including, Snapdeal, Bluestone, Urban Ladder, Swasth India, PayTM and CarDekho.

This post Getting serious about ‘operations as a service’, Jungle Ventures brings on board Ratan Tata appeared first on Tech in Asia.