Mumbai: Ratan Tata, the honorary chairman of the country's most famous businessman Tata group, has described himself as an 'accidental startup investor'. Tata has invested in more than a dozen startup companies. Tata described the privately held investments as 'an accident'. Ola, which provides taxi booking services through the app and then Digital Payments Paytm, has invested in both companies since 2015 and they are the initial investors to invest in them. Talking about investing in startup companies, he made the first investment in e-commerce company Snapdeal.
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He also holds a small stake in One97 Communications, which owns Paytm. He is also a consultant in the company. In an interaction with Sudhir Sethi, Chief of Chirate Ventures, Ratan Tata said, "My becoming a startup investor is like an accident (without thinking). While I was working with the Tata group, the startup sector was drawing me. But the distance remained because it was a conflict with the interests of the Tata group. But when I retire, the responsibility of the Tata group has ended on me".
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"After that, I started making small investments in companies with my own money. I learned a lot from it after being in this field for two to three years. This area is very active and people with the best minds are working on it". Ratan Tata has launched online eyeglass store Lenskart, a rental house, Nest Away and a pet care online platform, Dog Spot, Fitness Zone Curefit, Weather Informatics Climasel, Online Vehicle Platform Car Look, Online Furniture Company Urban Ladder Have invested in startup companies like.
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