Ratan Tata makes his third investment in 2016, this time it is an online cashback venture

After Tracxn Technologies and DogSpot, Ratan Tata made his third investment in 2016 and this time it is online cashback venture-CashKaro.com.

The Gurgaon-based CashKaro.com was founded in 2013 by Swati and Rohan Bhargava and the venture raised Rs 25 crore in its Series funding round from Kalaari Capital in November 2015.

CashKaro.com has tied up with more than 1,000 online retailers and wants to enhance its technology and make inroads in international markets.

"We're launching our cash-back site in Singapore over the next three months, and will also look to enter other markets in South-East Asia. We will also be launching our app in the next two quarters," Swati told ET.

Meanwhile, Tata is actively investing in startups and helping people scaling their brands.