New Delhi: Ratan Tata was one of the biggest global icons in the business arena. The revered industrialist was a visionary and this was evident as he led the Tata Group to become a household name in India and also made sure that the brand became renowned across the world.
Here is a list of 10 such start-ups in which Ratan Tata has invested in:
Ola Electric
Late Ratan Tata pumped in money in Ola Electric Mobility Pvt Ltd (Ola Electric) in 2019. The amount was not disclosed. Tata also invested in ANI Technologies Pvt Ltd, Ola’s parent company. “His investment in Ola Electric will bring his deep experience and mentorship to the company’s ambitions to make electric mobility viable at scale,” the company had then said in a statement.
Paytm
Ratan Tata also invested in One97 Communications – the parent company of Paytm by raising funding in March 2015. The company had appointed him as a business advisor on One97 Communications’ board. The market capitalisation of One97 Communications stood at Rs 470.07 billion on October 9, 2024.
Snapdeal
Ratan Tata entered the e-commerce platform landscape with an investment in Snapdeal in August 2014. It was reported that he held a 0.17 per cent stake in Snapdeal after making an initial investment of less than Rs 5 crore. Later, when Flipkart acquired Myntra, the deal subsequently led to his acquisition of 256 shares from the e-commerce platform’s angel investors.
CarDekho
CarDekho is a popular brand in India as it revolutionised the second hand car-buying experience via online purchases. Ratan Tata had invested in GirnarSoft, which is the parent company of CarDekho, BikeDekho, and PriceDekho.
Cure.fit
Cure.fit, a health and fitness start-up, received funding from investors like Ratan Tata, Kalaari Capital, Accel Partners, and Chiratae Ventures. Cure.fit has a chain of fitness centers, a food delivery platform (Eat.fit), a chain of healthcare clinics (Care.fit), and ‘Mind.fit’, a online mental-wellness platform.
UrbanLadder
UrbanLadder, a Bengaluru-based online furniture retailer, had received funding from Ratan Tata in November 2015. Notably, it was the late industrialist’s second personal investment in an e-commerce firm. In November 2020, Reliance Industries’ retail arm acquired 96 per cent stake in Urban Ladder.
Lenskart
Lenskart, which was founded in 2010 by Peyush Bansal and Amit Chaudhary, managed to garner funds from Ratan Tata in April 2016. Lenskart officials had then said that Rata Tata was not only engaged as an investor, but also played the role of a mentor and advisor within the company.
Ratan Tata invested in Paytm, Ola Electric, Urban Ladder, Snapdeal, Car Dekho, Lenskart and other startups. Biz News Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
