10 start-ups in which Ratan Tata made investment
A successful entrepreneur is the one who sees the future before everyone else. Ratan Tata, is a forward- looking entrepreneur of India whose unmatchable vision and excellent business skills has made him a pioneer in many business and leadership related aspects.
After spreading the branches of Tata Group in almost all the sectors that includes Tata Motors, Tata Steel, Tata Consultancy Services, Tata Power, Tata Global Beverages, Tata Chemicals, Indian Hotels and Tata Teleservices, Ratan Tata has shredded his routine responsibilities and has decided to focus and invest on many promising startups. On each of these start-up, he has already invested 1 to 5 crores from his personal assets.
For these start-ups, possibilities are endless; all that is required is some planning, will for execution, and perseverance. Ratan Tata has identified such start-ups that hold impressive future prospects and are moving towards the right direction. Till date, following are the business ventures wherein Tata has invested fair amount of money.
This company aims to safely and effectively provide electricity to remote areas without using expensive fossil fuels. It operates up to 600 meters from ground and generates twice the energy compares to the same size turbines. Tata invested in the company in early 2014.
Snapdeal is in the leading online shopping portal, providing the best deals and a variety of new products. Ratan Tata invested $ 5 billion in one of the India's largest online shopping retailers. This 4 year old online website recently crossed a mark of $1 billion sales growing rapidly and expanding massively. Investment by Ratan Tata was done in August 2014.
This 2 years old Bengaluru based online jewellery company is growing much faster than it was expected due to its not-so-conventional concept and ideas. They guarantee excellence in product quality and bagged award for its outstanding e-retailer performance. The online jewellery industry is expected to become a $ 8 billion industry in the next 2 years. In September, 2014, Ratan Tata invested on this glittery venture.
It is a Bengaluru-based online furniture retailer company founded 3 years back. With over 4000 products and 35 categories, at present, Urban Ladder delivers to 12 cities in India. The company already raised a sum of $27 dollars million from its investors and with the current investment it is valued at around $200 million in March, 2015. Ratan Tata's invested money on this venture in November, 2014.
Ratan Tata invested a sum of 2 crores in Swasth India, a healthcare startup providing medical services to low-income population. He aims to provide a social impact with his investment to this company. An amount of 2 crores was invested by Tata in December, 2014.
An online auto classified website born in the year 2007. The website offers a number of services from test drive to car loan and sale and purchase. Also, it runs other portals like PriceDekho and BikeDekho as well, giving a new platform to the automobiles' industry. It was February this year, when Tata invested money on CarDekho.
This website is the first of its kind, it provide debt and equity solutions, bank related investments and advisory services to rural people through web portal. The 9 years old company has collaborated with some low-cost education institutes, healthcare providers and sustainable organisation to offer a strategic advisory to people. March this year, Ratan Tata invested on this start-up.
One97 Communications (Paytm)
It is a leading mobile-internet company, which provides mobile advertisements,marketing and payment to marketers. It provides best of services to its consumer under Paytm brand. This is a Noida-based company, before Ratan Tata's investment raised to $575 million from other investors. Paytm is another company that got funded in March this year by Tata.
Ratan acquired stakes in Chinese based smartphone company, Xiaomi after looking at the hit debut of the company in India last year. Their recorded sale was $12 billion in 2014 and is no. 3 smartphone manufacturing company valued to be $45 billion at present. Xiaomi received the funding from Ratan Tata on April this year.
It is a leading global marketplace offering women casuals in 18 sizes. The current market of western wear is estimated to be 10k-15k crore and expected to be double in the following years. This start-up is the latest one to get funded by Ratan Tata.