Ratan Tata puts money in California-based Wi-Fi carrier

The list of Ratan Tata's financial investments in new-age companies is getting longer by the day. The septuagenarian's latest pick has been Sabse Technologies, a California based Wi-Fi carrier, founded by Hotmail.com's co-founder Sabeer Bhatia. This deal comes days after Tata's investment in US-based virtual currency company Abra Stock Market Trading Tips



"Ratan Tata possesses extensive experience in the telecom industry, having built Tata Communications into a leading global company. His expertise and insight will be immensely helpful as Sabse expands its Wi-Fi first cellular service to consumers worldwide," stated Sabse Technologies.





After his retirement as the chairman of Tata Group in December 2012, the industrialist has been making investments in startups, particularly in the consumer internet, clean-tech and social impact space. One of his first investments was in Altaeros, a wind energy company, and he has, so far, invested in more than two dozen companies based in and outside India, making the silver-haired Tata the most prolific startup investor. He is also on the board of several venture capital funds including IDG Ventures, Kalaari Capital and Jungle Ventures and online-deal making platform LetsVenture Indian stock market astrology prediction

Tata, through his investment company, RNT Associates, invests anywhere between a few lakhs and Rs 10 crore in promising startups. Some of his investments such as Ola Cabs, Snapdeal, Xiaomi and Paytm today are worth billions of dollars. Tata had said that he looks at the quality and intelligence of the entrepreneurs while making investments.