Top 10 Ratan Tata Backed Startups
Ratan Tata, the mentor of Tata group has been very vocal in supporting new ideas and ventures. He has already invested in over 30 tech startups and the list is going on. Here I am listing top 10 Ratan Tata backed startups:
10 Ratan Tata Backed Startups
Paytm tops the list of Tata funded startups. Paytm, the renowned and probably the most popular mobile wallet service in India, secured an undisclosed funding from Ratan Tata in 2015. Not only he guided the funding, but also designated as an advisor for the company.
The Paytm wallet service allows users to perform a number of digital transactions via its mobile app. It includes wallet-to-wallet fund transfer, wallet-to-bank fund transfer and utility bill payments. Users can add up to 20k in their wallet per month. However, for KYC verified users, company increases this limit.
2. Ola: Backed by Ratan Tata
Ola, an Indian app-based cab rental services also secured funding from Ratan Tata. Alike Uber, Ola offers cab rentalto riders in just a few taps. Ola’s services span across all price segments, ranging from luxury to economy. The app allows commuters to book a taxi, cab, auto and luxury sedans using their smartphones. Ola went operational in 2010 and secured funding from Ratan Tata in July 2015 in his personal capacity.
Ratan Tata is the first Indian investor who bought a stake in Xiaomi. The amounthe invested, however, is unknown. To recall, Xiaomi is a Chinese tech conglomerate best known for its budget smartphones range for Indian consumers.
Snapdeal is the first company in e-commerce segment that received funding from Ratan Tata. He bought 0.17% stake in Snapdeal in August 2014 by paying an approximate amount of 5 Crores. Ratan Tata acquired 256 shares from the e-commerce company’s angel investors right after Snapdeal tied up with Tata Value Homes.
Zivame, founded in 2011, is an online platform selling widest and exclusive range of lingerie. Zivame secured a funding from Ratan Tata in September 2015 for an undisclosed amount. The company said in a statement that the fund would be used to develop technology and strengthen its customer base.
6. Urban Ladder:
Urban Ladder is an online platform selling furniture. The Bangalore based startup is currently offering their services in 12 cities around India. The company secured funding from Ratan Tata in November 2015. Urban ladder became the second ecommerce platform in the list after Snapdeal that got personal funding from Ratan Tata.
Cashkaro is Gurgaon based startup deals in cashback schemes and coupons. The company was floated in 2013 and raised an undisclosed amount of funding from Ratan Tata in January 2016. In its statement, company said that they will use the money to expand its tech infrastructure and explore international markets.
Urbanclap is an online platform that provides services to the end users. The service segments include everything from plumbing to electrical work. This service marketplace received an undisclosed amount in funding from Ratan Tata in December 2015.
Leading online eyewear platform Lenskart received funding from Ratan Tata in April 2016 in personal capacity. Lenskart sells eyewear range including sunglasses, eye glasses, contact lenses and more.
10. Car Dekho:
Cardekho is one of the many Ratan Tata Backed Startups in the list. Cardekho is an online marketplace for buying and selling new and used cars. Ratan Tata bought shares of Jaipur-based GirnarSoft , owner of CarDekho.com, BikeDekho.com and PriceDekho.com portals.