Tycoons make Beeline for Healthcare Start-ups
Ratan Tata has invested in an affordable healthcare services startup ” Swasth India ” as for-profit social ventures catch the attention of high net worth individuals (HNIs) and top industrialists.
Tata, who recently invested in e-commerce startups Snapdeal, Bluestone and Urban Ladder, has invested Rs 2 crore in Swasth India in his personal capacity, multiple sources told TOI. Swasth India provides affordable healthcare services to low-income people. The Tata Sons chairman emeritus is said to be keen on pursuing such investments which have a social impact, the sources added. Tata’s office did not offer any comments.
With such enterprises, ‘socialpreneurs’ eye twin objectives of creating a positive impact on society and generating profits. The concept of investing personal wealth with a financial as well as social bottom line is generating many ‘likes’ if investments by HNIs and industrialists like Harsh Mariwala and Kiran Mazumdar-Shaw are anything to go by.
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