Family offices investing through VC funds for bigger play in India's startup party

Ratan Tata, chairman emeritus of Tata Sons Ltd, is currently the most visible champion of India’s ongoing start-up wave from the country’s traditional business quarter. In about 12 months, he’s built a portfolio of a dozen-odd start-ups, big and small, investing in them in his personal capacity. Less visible, but equally important, is the role being played by a growing population of family offices backed by the owners of so-called old-economy businesses.