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Ratan Tata says he is an accidental startup investor
For the Tata Group patriarch Ratan Tata, who has invested in over a dozen startups since he hanged up his boots from the Bombay House, becoming an investor in upcoming new-age companies has been "an accident."
Mumbai: For the Tata Group patriarch Ratan Tata, who has invested in over a dozen startups since he hanged up his boots from the Bombay House, becoming an investor in upcoming new-age companies has been "an accident."
The chairman emeritus of the $110-billion salt-to-software Tata Group, arguably one of the most successful investors of all-time, was an early backer of the ride-hailing platform Ola, and Paytm since 2015 when he made these investments in personal capacity. He also has a small stake in One97 Communications that owns Paytm and took on the role of an advisor to the firm.
He made his maiden ecommerce investment in Snapdeal. Tata's other top investments in the startup space include fitness startup CureFit; weather forecaster ClimaCell; auto portal CarDekho; online furniture mart UrbanLadder; e- tailer of eyewears Lenskart; home rental platform NestAway; and online pet care platform Dogspot.