Mistry announces startup fund on 2nd anniversary of his ouster
The billionaire brothers Cyrus and Shapoor Mistry have announced formation of Mistry Ventures LLP to incubate and fund the startup ecosystem. The announcement on Wednesday comes on the second anniversary of Cyrus’ unceremonious salving by the Tatas as the group chairman. The new firm is jointly promoted by Cyrus and his elder brother Shapoor, both promoters of the Shapoorji Pallonji Group, which owns 18.4 per cent stake in Tata Sons. Promoted by the fourth richest Indians (collectively), the new venture is flushed with cash. According to Forbes 2018 ranking, the…
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