Ratan Tata Surprisingly Was an Investor To These 10 Startups
Awarded with Padma Vibhushan and Padma Bhushan, Ratan Tata has been one of the greatest and the most successful businessman India has ever seen. He has made a glorious history being an industrialist serving from 1991 to 2012 as a chairman of India’s largest conglomerate, Tata Group, founded by his father, Jamsedji Tata. After his retirement as a head of Tata Group in December 2012, Tata is now emerging as a leading angel investor in the start-ups sector. He has invested in about 40 start-ups so far, in which 14 Indian deals are valued at 20.46 Crore. Here we are with the list of top 10 successful start-ups, that might surprise you-
HOLA CHEF
It is a technology driven food ordering platform which brings the world’s best cuisines from different chefs’ right to your door. It was founded in September 2015 by Saurabh Saxena. Tata made a personal investment in the Series A funding of the company.
ALTAEROS ENERGIES
With the US based Altaeros Energies, Tata made his 20th investment in the startups sector. It was founded in 2010 at the Massachusetts Institute of Technology (MIT) with the aim of deploying the world’s first commercial airborne wind turbine.
SWASTH INDIA
It is a healthcare service provider, based in Mumbai, with the vision of making detection and treatment of cancer in India more convenient, affordable and trustworthy. Ratan Tata has invested Rs 2 crore in it in December, 2014.
SNAPDEAL
It is an online marketplace selling millions of products of multiple categories from over 50,000 sellers. According to documents filed with the registrar of companies (RoC), in August 2014, Tata invested Rs.10 crore in Snapdeal during the Series F round funding of the company.
CARDEKHO.COM
Launced in 2008, CarDekho.com is an online platform that helps customers to buy and sell cars online. This has also got fundings from Mr. Ratan Tata in February,2015 after which Girnar Software, the parent company of Cardekho.com, raised $50 million in its second round of funding.
PAYTM
Paytm is India’s largest online payment company launched in 2010. Paytm was funded by Tata in March, 2015 that lead to raise in its fund to $575 million.
URBAN LADDER
Launched in July 2012 by Ashish Goel and Rajiv Srivatsa, it is an online furniture company.It offers thousands of products of different types of furnitures such as wardrobes, beds and dining tables. Tata invested in Urban Ladder in November, 2014.
KAARYAH
It is a fashion portal for women helping them discover the perfect fit for their wardrobes. In June 2015, Tata invested Rs.25 lakh in it at Rs.49 a share.
XIAOMI
Xiaomi is the 5th largest smartphone maker in the world. Investing in Xiaomi in April, 2015, Tata became the first Indian to invest in this China-based mobile manufacturer and finally company raised its funds to US$1.1 billion.
OLA
Ola is an online taxi aggregator based in Mumbai (now based in Bangalore), owned by ANI Technologies Pvt. Ltd. Tata invested Rs.95 lakh in Ola’s Series G funding in July, 2015.
