Wednesday, 18 July 2018
Entrepreneurship

Meet 19 Startups Funded By Ratan Tata

Former Tata Sons chairman Ratan N Tata has invested in over 30 startups. He has made all these investments in his personal capacity.

Here are 19 startups which have become huge and are backed by India’s one of the biggest business tycoon, Ratan Tata:

1) Paytm

Paytm became huge after demonetization. It is one of the biggest digital platforms of the country today. One can say that Ratan Tata could predict this Noida-based digital payments company success way before anyone predicted it. The company secured an undisclosed amount of funding from Ratan Tata in March 2015. Tata picked up a stake in One97 Communications, the parent company of Paytm.

2) Ola

Ratan Tata also invested Ola Cabs. Ola Cabs is basically India’s answer to Uber. Ratan Tata invested in the company in 2015 in his personal capacity. Tata’s venture capital firm RNT Capital Advisors also made an investment of Rs 400 crore in Ola a few days back.

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3) Xiaomi

Xiaomi smartphones enjoy huge popularity in India. They are best known for their high tech features and cheap pricing. Very few people know that Ratan Tata was the first Indian to invest in this tech giant. The amount of the funding was not disclosed.

4) Snapdeal

Ratan Tata invested less than Rs. 5 core in the e-commerce giant by picking up a 0.17% stake in Snapdeal in August 2014. The news came right after Snapdeal tied up with Tata Value Homes to sell apartments across five cities (Bangalore, Chennai, Pune, Mumbai and Ahmedabad).

5) Zivame

Founded in 2011 by Richa Kar and Kapil Karekar, Zivame is an online lingerie selling platform. The startup gained popularity with their quirky campaigns and today, it has become a recognized brand in itself. Zivame raised a funding from Ratan Tata in September 2015.

6) Urban Ladder

Urban Ladder is a popular furniture selling platform based in Bengaluru. It is currently present in 12 cities around India. The online furniture retailer secured funding from Ratan Tata in November 2015.

7) CashKaro

Cashkaro is a coupons and cashback site rewarding customers for visiting online retailers through their site. The Gurgaon-based company was founded in 2013 by Swati and Rohan Bhargava and raised an undisclosed amount of funding from Ratan Tata in January 2016.

8) UrbanClap

UrbanClap is a one-stop destination for all urban lifestyle services. They help you hire local professionals to get things done. From plumbing to electrician, they have all the contacts. UrbanClap raised an undisclosed amount in funding from Ratan Tata in December 2015.

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9) LensKart

Lenskart, the popular online retailer that sells eyewear such as sunglasses, eyeglasses, contact lenses and more, secured funding from Tata in April 2016. However, an official from the company reportedly said that Tata’s role was more of a mentor/advisor rather than a financial investor.

10) Cardekho

Cardekho helps you in buying a car whether it’s new or used with its user-friendly tools and objective reviews for the right price. Like most of Tata’s deals, the amount invested by him wasn’t disclosed

11) Abara

Ratan Tata joined investors including American Express, First Round Capital, and Jungle Ventures, in a $14 million (Rs 91 crore) series A fundraising by US-based digital cash transfer company Abra in October 2015.

12) Dogspot

Dogspot is India’s biggest online platform for Dogs, Cats, Birds, fish and some small pets. It is also the leading online store for pet supplies, food, accessories and other products. Ratan Tata invested an undisclosed amount in his personal capacity Dog-Spot in January 2016.

13) Kyazoonga

The online ticket booking platform founded in 2007 received investment from Ratan Tata in June 2016. Ratan Tata invested an undisclosed amount in his personal capacity.

14) FirstCry

Ratan Tata invested an undisclosed amount in his personal capacity into Brainbees Solutions, which owns the FirstCry.com in January 2016. FirstCry started operations in 2010.

15) Bluestone

Bluestone is an online retailer where users can purchase a variety of jewelry. Ratan Tata made a personal investment in online jewelry retailer Bluestone in September 2014.

16) Lybrate

Founded in 2013, Lybrate aims to connect patients with doctors in India and help raise awareness of basic medical practices in the country.

Lybrate’s last major launch came in May 2016 when it introduced online lab testing that allows a patient sample to be collected right from their home, with results later shared online Lybrate secured about Rs 64.8 crore ($10.2 million) from Ratan Tata in July 2019.

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17) HolaChef

Holachef was launched by Saxena and Anil Gelra in 2014. It delivers ready-to-eat home-cooked food to consumers. It has in-house chefs who prepare signature dishes, which include Indian and global cuisines, besides desserts, beverages, munchies, and soups and salads.

The online marketplace for chefs Holachef received an undisclosed amount of investment from Ratan Tata in September 2015. The investment was made in the personal capacity.

18) Ampere

Ratan Tata invested an undisclosed amount in Coimbatore-based electric vehicle start-up Ampere in July 2015. Ampere was founded in 2008 by woman entrepreneur Hemalatha Annamalai. The company sells electric vehicles like cycles, scooters, trolleys for the differently-abled.

19) GOQii

GOQii is a California-based fitness technology venture in Menlo Park that offers a wearable fitness band paired with remote personalized coaching. The company was founded by Vishal Gondal, the former CEO & Founder of Indiagames. The funding size was, however, not disclosed.

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