On Thursday, industrialist Ratan Tata invested in the two-year-old Arjun Deshpande startup 'Generic Aadhaar'. Its founder Arjun is 17 years old. However, how much Tata has invested in it is not known. The main function of the 'generic base' is the retail business. She brings medicines from manufacturers and sells them to retailers. Currently, the revenue of this company is around Rs 6 crore and it has been targeted to reach Rs 150-200 crore in the next three years. It has claimed to have appointed around 55 persons including pharmacists, IT engineers and marketing professionals.
On the last trading day of the week, market opens with bang
On Thursday, Arjun's PR agency issued a statement saying that an alumnus of DAV Public School, Thane started his entrepreneurial journey with the aim of bringing affordable medicines for the poor.
This company is giving 8% percent interest on fixed deposits
Apart from this, Ratan Tata has invested in more than a dozen start-ups till date after retiring from the group in December 2012. All his investments have been made through his investment company RNT Associates. Some of his investments include Ola, Paytm, Snapdeal, Curefit, Urban Ladder and Avanti Finance.