Amid dry Funding in startup ecosystem of India, RNT Capital Advisers, the newly set up venture fund launched by Tata Sons chairman emeritus Ratan Tata will deploy $300 million across startups in India, Southeast Asia and the US.

The fund will typically invest $10-15 million of capital into tech businesses. Mayank Singhal, who was until recently with the Singapore government's investment fund Temasek Holdings, would be leading the India investments while Mathias Imbach, who has been with RNT Associates since last year, will look to build the fund's presence in Southeast Asia.

Structured as an evergreen fund with an indefinite life, RNT Capital has University of California Investments (UC Investments) as its largest limited partner.

Earier in February, UC Investments, which has $100 billion in management across endowment and pension funds, said it will invest in Indian enterprises as it tied up with RNT Associates, Tata's personal family office.

Few speculations also suggests that RNT Capital is in advanced discussions with mobile advertising platform InMobi and Flipkart-backed logistics startup Qikpod.

Ratan Tata,78,has made over ten investments in the past year in Indian and international companies and except for three, all his investments are in internet-based ventures including Indian e-commerce giant Snapdeal. Ratan Tata not only built a sizeable portfolio but also took on the role of an advisor to three VC firms -- IDG Ventures, Kalaari Capital and Jungle Ventures.

RNT Associates presently has a portfolio of over 30 companies including Paytm, Ola, Urban Ladder, Teabox and LensKart. Tata was at the time investing anywhere between Rs 1 crore to Rs 3 crore across healthcare, gaming, analytics and a host of consumer internet businesses.

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