The VC firm invests in companies that will eventually get rewarded by public market investors. It puts in place a head of finance from the early days and head of people functions at its portfolio companies, said Dipanjan Basu, co-founder and partner.
Reliance is setting up Tira to take on new-age players in the beauty and personal care space while Tata is ramping up its e-commerce offerings under Tata Cliq. With deep pockets, large traditional players have been able to attract talent from companies like Nykaa.
Seasoned business leader Vikas Gupta has been appointed as CEO by VLCC just months after private equity firm Carlyle acquired majority stake in the 3-decade old company.