Mutual Fund

R Venkataramanan stops Ratan Tata’s speculation arm RNT Associates

R Venkataramanan, the previous overseeing trustee of Tata Trusts, has resigned from RNT Associates Private Limited, the individual speculation vehicle of Tata bunch patriarch Ratan Tata. As indicated by a Ministry of Corporate Affairs documenting, Venkataramanan quit the firm as executive on March 29. Since 2014, RNT Associates, alongside UC-RNT Fund, has been putting resources into a progression of new-age organizations in India and abroad. It was likewise one of the early financial specialists in organizations like taxi aggregator Ola and online retailer Snapdeal.

R Venkataramanan, the previous overseeing trustee of Tata Trusts, has resigned from RNT Associates Private Limited, the individual speculation vehicle of Tata bunch patriarch Ratan Tata.

A Tata bunch insider said Venkat, as Venkataramanan is prominently known, was instrumental in making some marquee interests in Indian new companies in the interest of RNT Associates, and used to actually vet all recommendations sent to Tata for interest in his own ability. UC-RNT Fund, an elective venture finance with a corpus of $300 million, in organization with RNT Associates and the University of California, has put resources into a few troublesome, innovation situated organizations over the world. It takes a long haul, organizer driven way to deal with contributing. Until this point in time, the store has made interests in organizations like NestAway, YourStory, CureFit, and MSwipe Technologies. Notwithstanding, since June a year ago, it has not made any new speculation. As indicated by media reports, Venkat has not been going to the store’s gathering since March a year ago.

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