Technoglitch
Core Member
Ratan Tata, chairman emeritus of the holding company of Tata conglomerate, has bought a stake in online taxi-hailing firm Ola, the company said on Wednesday.
Tata, who was the chairman of salt-to-software Tata Sons for more than two decades, has previously invested in start-ups ranging from online retailer Snapdeal to Chinese phone maker Xiaomi.
Ola did not disclose financial details of the investment, but said Tata had taken a stake in his individual capacity.
In most cases, analysts say Tata's investments have not been big, but are considered valuable for startups because of the validation and mentorship these endorsements bring.
Ratan Tata picks up stake in online cab service Ola
Tata, who was the chairman of salt-to-software Tata Sons for more than two decades, has previously invested in start-ups ranging from online retailer Snapdeal to Chinese phone maker Xiaomi.
Ola did not disclose financial details of the investment, but said Tata had taken a stake in his individual capacity.
In most cases, analysts say Tata's investments have not been big, but are considered valuable for startups because of the validation and mentorship these endorsements bring.
Ratan Tata picks up stake in online cab service Ola
