Ratan Tata, Chairman Emeritus of Tata Group, passed away on Wednesday, October 9, 2024. He was 86 years old. The Tata family, including the famous industrialist’s younger brother, jimmy tata And half-brother Noel Tata shared a statement paying tribute to the legendary business tycoon.
“With deep sorrow we announce the peaceful demise of our dear Ratan. We, his brothers, sisters and family, feel consoled and consoled by the love and respect he received from all who admired him. “Although he is no longer with us in person, his legacy of humility, generosity and purpose will continue to inspire generations to come.” tata family written.
Ratan Tata was one of India’s most respected businessmen and philanthropists who significantly helped transform the country. tata group Empire worth Rs 33 lakh crore. After his retirement in 2012, the industrialist became a prolific investor and integral to nurturing India’s start-up ecosystem. According to Fortune, Ratan Tata had invested in more than 50 start-ups. Here’s a look at the 9 start-ups that made huge profits for the late Padma Vibhushan recipient…
Ratan Tata, who has a net worth of Rs 3,800 crore, invested in these 9 brands to strengthen the Indian start-up ecosystem. Check out the companies he endorsed
1. Upstox
Ratan Tata’s journey with Upstox began in 2016 when he bought a 1.33 percent stake in the discount brokerage platform for $200,00 (approximately Rs 1.6 crore). According to Business Today, in October 2024, the businessman made a staggering return of 23,000 percent i.e. $46.55 crore (approximately Rs 390 crore).
2. Snapdeal
In 2014, Ratan Tata ventured into the e-commerce business and invested in Snapdeal. According to CNBC TV18, the industrialist acquired 0.17 stake in the company for less than Rs 5 crore. “Last January, we were on our last $100,000 in the bank. From there to bringing someone like Tata on board, this is a testament to our journey.” President of Snapdeal Kunal Behl According to Economic Times, he has shared information about Ratan Tata’s investments. Snapdeal’s FY23 revenue stood at Rs 388 crore.
3. Lenskart
According to CNBC TV18, Ratan Tata invested Rs 10 lakh in eyewear brand Lenskart in 2016. According to Moneycontrol, the late entrepreneur had earned 28 times returns from the company before his exit.
4. Ola Electric
Ratan Tata’s long-term partnership with ride-hailing service Ola began in 2015 with an investment of Rs 95 lakh. In 2019, the businessman had placed a big bet on Ola Electric during the Series A funding round. According to CNBC TV18, Ratan Tata was among the early investors in Ola who helped raise Rs 400 crore for Ola Electric. According to Moneycontrol, he gave a return of 10 times per cent.
5. FirstCry
In 2016, Ratan Tata invested Rs 66 lakh in children’s clothing brand FirstCry. According to CNBC TV18, when the company goes public in 2024, the entrepreneur’s investment will increase to Rs 3.62 crore.
6. cult.fit
Ratan Tata investment Rs 620 crore in fitness gym chain Cult.Fit in 2021. According to DNA India, the business tycoon’s investment takes the total valuation of the company to Rs 12,411 crore.
7. Paytm
According to CNBC TV18, in 2015, Ratan Tata invested Rs 1 crore in digital payment app Paytm. He also served as a business advisor to the firm’s parent company, One97 Communications. Paytm’s revenue currently stands at Rs 2,850 crore.
8. Urban Company
Ratan Tata invested an undisclosed amount in his own capacity in Urban Company, a services marketplace. According to Business Standard, Urban Company’s revenue currently stands at Rs 827 crore.
9. Moglix
In 2016, Ratan Tata invested an undisclosed amount in B2B manufacturing company Moglix. In 2021, Moglix won as the 13th Unicorn of the Year as its market valuation totaled $1 billion (Rs 8,396 crore).
