Ratan Tata Dies: The Indian business tycoon known for his lively spirit, philanthropy, and vision passed away on 9 October in a Mumbai hospital at the age of 86. One of India’s most globally recognizable figures, Tata was the former chairman of the Tata Group, an Indian company with annual revenues in excess of $100bn.
A true leader, Tata promoted the involvement of young minds at senior positions in his firm, and believed that they had a lot to offer in learning. His visionary mindset became the foundation for him to take retirement from his chair, and use his business acumen to shape young business, and learn from young leaders.
Tata has invested in more than fifty startups across and beyond the country. Snapdeal, Ola, and Paytm are among the popular names we know today as flourishing startups, but they give due credit to the vigilance and guidance of Ratan Tata to paved the way to success for them with his experience and farsightedness.
Owners and founders of many startups have reflected on their experience with the Indian tycoon who shaped the Indian startup system at a nascent stage.
Tata made his first investment in Snapdeal in August 2014 with a reported state of 0.17 percent. Tata’s investment in Snapdeal marked his venture into the e-commerce industry and cushioned it from getting monopolized.
Ratan Tata was on board Paytm’s parent company One97 Communications in 2015.
Goodfellows in 2022, had an undisclosed investment from Ratan Tata which worked towards making the life of senior citizens.
Ratan Tata made an investment in Ola at its early stage with a strong belief and conviction in the Indian e-cab company.
Among his major startup investments are Lenskart, Urban Company, Upstox, Paytm, and Your Story.
Startups | Fields |
Snapdeal |
An online marketplace |
Ola |
E-ride platform with transportation services |
Ola Electric |
Manufactures electric vehicles (EVs) and its components |
Upstox |
SEBI-registered online trading platform |
Urban Company |
Home services company |
First Cry |
Indian e-commerce company and retail store for baby and kids' products |
Cruefit |
An integrated health and fitness platform |
CashKaro |
India's largest Cashback and Coupon site |
Nest Away |
India's largest & fastest growing "Managed Home Rental Network |
Tracxn |
A data intelligence platform that provides information on private companies and startups |
Zivame |
An online and offline retailer of lingerie, beachwear, activewear, and loungewear for women |
Paytm Mall |
An online shopping |
YourStory |
India's biggest and definitive platform for startups and entrepreneurs-related stories, resources, research reports, and more |
Goodfellows |
A companionship program for senior citizens in India |
BlueStone |
One of India's largest digital-first fine jewelry brands. |
Lenskart |
Indian eyewear company that sells and manufactures prescription and regular eyewear |