Ratan Tata-backed UC-RNT fund to wind down

UC-RNT fund, a partnership between the late Ratan Tata promoted RNT Associates with the University of California to back Indian startups, is in the process of winding down. The fund, set up in 2015, was initially envisaged as a USD 300 million fund at a time when the University of California was seeking to invest actively in the Indian startup ecosystem.