Deal focus: Tata Capital bets on Uber in India
Tata Opportunities Fund (TOF) has deployed $400 million of its $600 million corpus over the last two years, with two thirds of that capital going to India-based companies that have global operations. The recent investment in ride-hailing app Uber Technologies is not only the fund’s largest commitment, but also its first in a company headquartered outside India.
"Usually we're supporting Indian companies as they expand overseas. This is the first global company we're actually helping expand in India," says Bobby Pauly, a partner at TOF. "This is a partnership...
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