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 "Ratan Tata")
Ratan Tata (Credit score: @RNTata2000)
Tata Sons’ Chairman Emeritus Ratan Tata was often called a lot for his enterprise acumen as for his philanthropy. Nevertheless, a lesser-known truth was his stellar observe document when it got here to startup funding.
Tata had, through the years, invested in a number of profitable startups, having famously stated that he considered these investments as a “studying expertise”.
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Over the past decade, the silver-haired tycoon backed the likes of Paytm, Ola and Snapdeal.
Beginning out as a cell recharge platform, Paytm went on to guide a digital revolution within the nation and have become the fintech main that it’s in the present day.
Ola – the homegrown competitor to world ride-hailing main Uber – has in the present day developed into an organization with three subsidiaries, specifically ‘Krutrim’, its AI offshoot, Ola Electrical, its electrical car enterprise, and the unique Ola Cabs.
Tata had a watch for expertise and the conviction to put money into it, regardless of the age of that expertise be.
An avid canine lover, he as soon as obtained a letter from a design engineer at Tata Elxsi with a proposal to start out a enterprise that may create collars for avenue canines to forestall fatalities amongst them.
The engineer was Shantanu Naidu, who would go on to turn into considered one of Tata’s closest aides and the youngest normal supervisor at Tata Belief. The friendship finally led to Ratan Tata investing in Naidu’s startup, Goodfellows, which is aimed toward aiding senior residents.
Tata invested in as many as 40 new-age Indian startups throughout sectors. These embody eyewear model Lenskart, child merchandise model Firstcry, companies platform City Firm, and business-to-business market Moglix.
First Revealed: Oct 10 2024 | 12:11 AM IST
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