Thursday, November 07, 2024

World Business News

Ratan Tata, 84, Backs This Start-Up With 30-Year-Old Founder

Ratan Tata, 84, Backs This Start-Up With 30-Year-Old Founder

Ratan Tata, Industrialist Octogenarian which directs the Tata $ 128 billion group for decades, has supported the startup that connects senior citizens with young graduates for meaningful friendship.
Goodfellow, who promoted “friendship between generations” said on Tuesday that they received seed investment with a secret number of Tata, the chairman affected the Emeritus Tata Sons Ltd. Outsourcer Software Tata Consultancy Service Ltd. and the largest steel maker in the country Tata Steel Ltd.

This startup was founded by Shantanu Naidu, 30, who manages the Ratan Tata and startup investment office, in the role of general managers. Mr Naidu also helped Tata Tata as the head of the group’s great philanthropy arms, Tata Trusts.

“You don’t know what lonely means until you spend time alone hoping for friendship,” Tata Tuesday at the official launch of the startup in Mumbai. “You don’t mind getting old, until you grow old and you feel it is a difficult world,” he said, talking to groups consisting of elderly and young friends.

Mr Naidu said the idea of ​​startup came from his own relationship with Tata, which he called “the peak of friendship between intergeneration, given the age difference of five and a half decades.” He added that he was interested in people like Mr. Tata because of their innocence, wisdom, and motto that had just been discovered at any time.

Mr. Tata is credited by reversing the 168-year-old steel-to-air group bound by the tradition founded by his great-grandfather. But he came to himself after leaving the executive assignment in the group five years ago, suddenly it turned into a star figure in the Indian startup circle. Since then he has supported more than 50 startups including lenskart eyewear retailers, Paytm digital payment brands, Ola Electric Mobility PVT electric vehicle startups. and online stock trading platform upstox.

Even a small examination of the Ratan Tata is considered as an honorary badge among the businessmanship of the country’s businessmen. Mr Naidu, an MBA design engineer and title from Cornell University, Alma mater Ratan Tata, who is connected to Tata when he searched for funds for his first startup, Motopaws, a social company that provides reflective collars for street dogs. Both are bound instantly.

“He chose his investment intuitively,” Naidu said in a telephone conversation after launch. “He is in harmony with young people, and supports their encouragement, and the social impacts they will have. This is never about financial returns.”

Goodfields connect around 50 “grandfather,” men and women aged over 70 years with “good fellow” in the age of twenties, a group of eclectic employees, chosen after several intense examination and psychometric examination rounds. Many new graduates in the fields of engineering, art or film making and salary are paid.

In a country around 1.4 billion people, every second Indian is under 25 years old. But more than 15 million Indian parents live alone, either because they do not have a family or because their children are abroad, which presents mental and physical health challenges.

Subscription-based services are only available in Mumbai today but will be offered in other cities including Bengaluru immediately. This startup emphasizes friendship, which can mean anything starting from walking calmly or watching movies to only be involved in conversations. The non -profit model that has tried has failed, said Naidu, because his friends are unpaid volunteers who do not do long -term.

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