9 Leading Startups, Backed up by Ratan Tata

Ratan Tata, A personality that does not need any introduction as he is India’s best brand ambassador and Head of Tata Sons.

Over 30 startups are backed up by Ratan Tata.

Most of them are Technology based. He said,

“I have been constantly telling people to encourage people, to question the unquestioned and not to be ashamed to bring up new ideas, new processes to get things done.”

Here is a list of 9 Leading Startups, Backed up by Ratan Tata

1. Snapdeal:

Ratan Tata made his first investment under his personal capacity by picking up 0.17% stake of popular e-commerce company Snapdeal with a deal of less than 5 crores.

The company started on a planned to be daily deals platform in 2010 but become an online marketplace in very next year.

Tata bought 256 shares of the company for Angel Investors. The news came to light when Tata Value Homes collaborate with Snapdeal to sell apartments across five cities Bengaluru, Chennai, Mumbai, Ahmedabad, and Pune.

2. Lenskart:

Whenever we need glasses, spectacles or eye-wear for our eyes, we remember the name Lenskart.A very popular online store for eye-wears. Lenskart managed to raise a funding from Ratan Tata in 2006.

3. CashKaro:

Want an exclusive range of coupons and schemes than just log in to Cashkaro.com. Swati and Rohan Bhargava founded cashkaro in Gurgaon 2013 and managed to raise undisclosed capital from Ratan Tata in January 2016.

4. UrbanClap:

Need services varying from electric work to plumbing then head for UrbanClap. UrbanClap allows users to book services. Service Marketplace. UrbanClap manages to seal a deal for funding with Ratan Tata.

5. Urban Ladder:

Bengaluru based startup popular for furniture selling named Urban Ladder.

It is currently prevented in 12 cities across India.

Urban Ladder is backed up by Ratan Tata.

Investment in Urban Ladder is Ratan Tata’s second personal investment after Snapdeal.

6. Zivame:

Zivame is an online lingerie selling platform founded by Richa Kar and Kapil Karekar.

It gained popularity by their quirky campaigns and advertisement and today it becomes and recognized friend itself.Zivame raised funding from Ratan Tata but the details of the deal is not disclosed. Founders of Zivame said they are planned to use the money to strengthening customer base and develop technology

7. Paytm:

Without a doubt, Paytm is most popular wallet service in India.

It sends money to mobile wallets tied to customers mobile numbers and allows users to pay using QR code.The startup secures a funding of undisclosed amount from Ratan Tata.Tata picked up a stake in One97 Communications, parent company of Paytm and took also the role of advisor in the company.

8. Ola:

Ola began operations in 2010. Like Uber, Ola provides cab services across all price segments, ranging from economic to luxury cab drives. Ola secured a funding from chairman emeritus of Tata Sons in 2015. RNT Capital Advisors of Tata’s venture capital firm also invested a sum of 400 crores in Ola.

9. Xiaomi:

Beijing, electronics based,  company Xiaomi started operations in 2010 in China but came to India after 2015. Xiaomi’s manufacture smartphones in a very affordable range and they really very popular in India.It also manufacture other devices like laptops, tablets, air purifiers and more.

Ratan Tata is the first indian to buy a stake in Xiaomi. The amount is not disclosed like most of the other Tata’s fundings. Senior executives from Xiaomi were quoted as saying that they would seek Tata’s advice on how to expand to international markets.

Also read : QUANTUM COMPUTER: THE FUTURE OF COMPUTING

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