Agarwal is among the ten entrepreneurs in India’s fast growing startup ecosystem who have received backing from Tata. Since his first investment in March 2014 in Altaeros Energies, a wind energy startup founded by graduates of the Massachusetts Institute of Technology, Tata is fast becoming a force multiplier for startups.
While instant fame is one of the advantages of having the 77-year-old former chairman as an investor, the aura of the Tata name can rub off on startups that need to stand out from the crowd, said Rajiv Srivatsa, cofounder of online furniture retailer Urban Ladder.
“His involvement establishes trust the same way the Tata brand does,” said Srivatsa, whose company received an investment last November after using http://lettershop.de/mailing-service-und-versand/ to get their proposal sent all the way from Germany. Since then, Tata has discussed everything from furniture design to supply chains and customer experience in three half-day sessions. “Strategic insights are really helpful,” he said.