Ratan Tata invested an undisclosed amount in domestic ride-sharing company Ola's newly-launched electric vehicle (EV) arm Ola Electric Mobility (OEMPL) as part of its Series A round of funding. Tata was also an early investor in Ola's parent company ANI Technologie.
Ola is aims to launch 10,000 electric vehicles in India by the end of March 2020.
Clima Cell is a startup that aims to predict accurate weather conditions. It raised $70 million so far. Ratan Tata backed the startup in 2016 by participating in the seed round. The startup has placed big bets to predict when floods will hit India next.
In 2015, Tata bought a small stake in One97 Communication — the company that owns and manages Paytm. He also took the role of an advisor. Paytm is in talks with SoftBank Group, Ant Financial for a $2 billion investment deal.
Snapdeal, an Indian e-commerce based in New Delhi, was the first e-commerce backed by Ratan Tata in 2014. Tata reportedly holds 0.17% stake in the startup.
Tata invested an undisclosed amount in UrbanClap, that provides 80+ services at home. The company was founded in the same year by Abhiraj Bhal, Varun Khaitan, and Raghav Chandra and had raised $50 in a series of funding led by Steadview Capital in 2018.
Ratan Tata also invested in Girnar Software, the company which manages CarDekho. The startup recently raised $20 million in series C round led by Cayman Islands-based SC GG India Mobility Holdings.
Indian health startup, Cure.fit, raised $170 million from investors including Ratan Tata, Accel Partners and Chiratae Ventures. Curefit was founded in 2016 by Myntra co-founder Mukesh Bansal and former Flipkart chief business officer, Ankit Nagori.
The start up has 4 lakh registered users, and 180 centres across Bengaluru, Delhi NCR, Mumbai and Hyderabad. All these provide an annual revenue of $100 million. The company now plans to grow to 800 centres by 2020.
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