Ratan Tata on startup - ATG News


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Wednesday, February 12, 2020

Ratan Tata on startup

Senior industrialist and chairman of Tata Sons Ratan Tata has invested heavily in many successful startups in the country.

Tata has invested in startups such as Ola, Uber, Paytm, Cure Fit, Lenskart, Car Watch and many of these companies are successful. But most startups in the country have been accused of 'burning cash'. This is the amount of startup's monthly expenses before earning. At the TACON event, Ratan Tata provided some advice with a warning about startups.

Warning about 'cash burn'

Tata warned startups with too much cash burn. He said those who lose cash burn 'money will never have a chance again.

Emphasis on innovation

Tata believes the future of startups with new experiments is amazing. That is why they are focusing more on innovation for startups.

Focus on value, too

Everyone knows about the Tata group, the value of this group is very high. In such a scenario, Ratan Tata expects that the startup will also value the value factor. He is strongly opposed to the overnight program.

Not the right time to go global

In an interview in October 2019, Ratan Tata had said that there is no time right for startups to go global. When it comes to extending its global reach to founders, it is responsibility and understanding. However they believe that they need guidance, proper advice and identification.

Make advertisers positive

Ratan Tata also revealed the secret of the event that a startup chooses to invest in. That said, I invest in a new company based on how the startup's promoters view it, what it has come up with and how they think about solutions.

Maturity is very important

I also see how mature the promoters are and how serious they are about their new company.

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