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Ratan Tata acquire 50 percent stake in Pharma startup Generic Aadhaar

8May By AnkitaNo Comments

ACQUISITION

Ratan Tata acquire 50 percent stake in Pharma startup Generic Aadhaar

Mumbai, May 8, 2020: Tata group chairman Ratan Tata invested an undisclosed amount in a 17-year-old kid's pharma start-up Generic Aadhaar. Generic Aadhaar was founded by the Thane kid, Arjun Deshpande, in April 2019, when he was 16. It supplies quality generic drugs from reputed manufacturers at up to 80 percent lesser cost and other medicines 20-30 percent cheaper. The boy, an alumni of DAV Public School, Thane, began his entrepreneurial journey with the aim of bringing affordable medicines to the poor, a statement issued by his PR agency said on Thursday. Tata invests in his personal capacity and did not disclose how much he invested. The chairman emeritus of Tata Sons has so far invested in over a dozen start-ups since he retired from the group in December 2012 and all his ...

My Intuition decides in Which Startup I have to Invest: Ratan Tata

17Oct By AdityaNo Comments

Entrepreneurs Talk

My Intuition decides in Which Startup I have to Invest: Ratan Tata

Tata Group patriarch Ratan Tata, who has invested in over a dozen startups since he hanged up his boots from the Bombay House, becoming an investor in upcoming new-age companies has been "an accident." The chairman emeritus of the $110-billion salt to software Tata Group, arguably one of the most successful investors of all-time, was an early backer of Ola, and Paytm since 2015 when he made these investments in a personal capacity. He also has a small stake in One97 Communications that owns Paytm, and took on the role of an advisor to the firm. He made his maiden eCommerce investment in Snapdeal. Tata's other top investments in the startup space include fitness startup CureFit; weather forecaster ClimaCell; auto portal CarDekho; online furniture mart UrbanLadder; etailer of eyew...

14Oct By AdityaNo Comments

FUNDING

Ratan Tata to Invest in Tork Motors

Electric vehicle startup Tork Motors said Ratan Tata has decided to invest an undisclosed amount in the company. Previously, the Pune-based company has raised funds from Bharat Forge and Bhavish Aggarwal (Founder of Ola cabs). "In the last few years, there has been a sea of changes in the attitude towards electric vehicles. This industry is changing rapidly and I place good value on the sound logic and the approach that the team at Tork Motors has taken," Tata Sons Chairman Emeritus Ratan Tata said in a statement. Tork Motors is gearing up to launch its flagship electric motorcycle in the next few months. "An investment by him is an endorsement of the long-held belief by us that the Indian auto sector is going through a phase of huge growth and transformation," Tork Motors Fou...

Ola Electric Raises Funds from Ratan Tata

6May By NitishNo Comments

FUNDING

Ola Electric Raises Funds from Ratan Tata

Ratan Tata, Chairman of Tata Sons, has invested in EV business of Ola called Ola Electric Mobility (OEM). The investment is a part of OEM's series A round of funding. Ratan Tata invests personally in Ola Electric, the statement said. But the details of the funding were not disclosed. "His investment in Ola Electric will bring his deep experience and mentorship to the company's ambitions to make electric mobility viable at scale," it added. Tata is also an early investor in ANI Technologies, Ola's parent company. He had invested in ANI Technologies in July 2015. In March this year, OEM had announced raising Rs 400 crore in a funding round led by Tiger Global and Matrix India. The electric vehicle ecosystem is evolving dramatically every day, and I believe Ola Electric will p...

Ratan Tata Gains Double for Investment in Ampere Vehicles

6Sep By Gauri SinghNo Comments

News

Ratan Tata Gains Double for Investment in Ampere Vehicles

It was last week that the chairman of Tata Trusts sold his entire equity holding in Ampere Vehicles to an engine manufacturer Greaves Cotton which is based in Mumbai. Following this move, the former Tata Sons Chairman Ratan Tata is believed to have gained more than twice his investment. The investment of Tata amounted to about Rs 3 crore in Coimbatore-based electric vehicle start-up in his personal capacity in mid-2015. This also marked his first ever investment in an auto company. “Tata sold his stake in Ampere, earning more than two times. Most investors made similar returns. Kris (Gopalakrishnan) came into the company later, so his returns could have been lower than Tata’s,” a source said. Greaves Cotton stated that the company will take over Ampere for Rs 77 crore. This will valu...

CTO Gopichand Katragadda Steps Down From Tata Group

4Aug By Gauri SinghNo Comments

News

CTO Gopichand Katragadda Steps Down From Tata Group

Gopichand Katragadda, the chief technology officer (CTO) of Tata Group has expectedly stepped down from his role. He joined the company as the CTO on 3rd August 2014, reporting to the chairman Mr. Cyrus P. Mistry. In his role, Katragadda was responsible for technology at the group level and shared his expertise in managing R&D operations. Also, he looked after cross-company synergies, created technology strategies for white spaces, and acted as an evangelist for innovation across group companies. However, when the present chairman N Chandrasekaran brought in Aarti Subramanian from TCS as the chief digital officer, Katragadda’s future remained in a doubt. According to the sources, Katragadda has shifted back to Bengaluru. He was living in Mumbai during the tenure of his job as a t...

Ola and Uber Cancel Orders from Tata Motors and the Reason is Cyris Mistry

16Jul By Gauri SinghNo Comments

News

Ola and Uber Cancel Orders from Tata Motors and the Reason is Cyris Mistry

The popular cab aggregators, Ola and Uber have withdrawn a substantial number of orders of around 2.7 lakh vehicles from the largest automobile maker Tata Motors. These companies that have been a valuable player in the ride-hailing space, obtain cars from automakers to make it available for the cab drivers on installments, but now it has lost a good number of orders. This event was the outcome of a clash between the chairman emeritus Ratan Tata and company’s former chairman Cyrus Mistry. “How will Tata Motors justify turning away any proposal for a guaranteed offtake?“ asked Tata. According to the reports, Ratan Tata was in talks with Ola co-founder Bhavish Aggarwal who was willing to obtain 10,000 Nanos and Indicas/Indigos from Tata Motors on an immediate purchase, a lease or a j...

Popular Startups That Secured Funds From Ratan Tata

2Jul By Gauri SinghNo Comments

FUNDING

Popular Startups That Secured Funds From Ratan Tata

Indian industrialist and investor, Ratan Naval Tata who is well known as the former chairman of the popular conglomerate Tata Sons (one of the two holding companies of Tata group). Ratan Tata has done a commendable job in terms of investment activities and has been taking a keen interest in the Indian Startup ecosystem. With the help of his private investment company RNT Associates, Tata has marked his footsteps on various startups in the country. Though most of his investments are undisclosed amounts, it is a big honor for startups that are successful in bringing Ratan Tata on board. Also, you might be thrilled to know that Tata has been honored with the Padma Vibhushan in 2008 and Padma Bhushan in 2000, the second and third highest civilian honors awarded by the Government of India. ...

Ant Financial Raises $14 Billion From National And International Investors

8Jun By Gauri SinghNo Comments

FUNDING

Ant Financial Raises $14 Billion From National And International Investors

China’s biggest online payment platform Ant Financial Services Group which operates the Alipay mobile payment service, in its recent funding, has raised a huge amount of around $14 billion, with the aim to expand its platform across the globe and bring in latest technologies. Ant Financial which is controlled by Jack Ma is an Alibaba affiliated fintech firm. The investment of the firm is being reviewed as the biggest-ever single fundraising globally by any private sector company. In a statement, Ant Group told that the funding comprised of both U.S. dollar and Chinese yuan tranches, where the dollar share made up over $10 billion and the yuan tranche was mainly contributed by the existing shareholders. "Now, with the help of our partners, we are going to accelerate our strategy," Ant...

Reliance Industries vs Tata Group: Who is the Biggest?

28May By Sheldan RungasamyNo Comments

ANALYSIS

Reliance Industries vs Tata Group: Who is the Biggest?

Tata Consultancy Group and Reliance Industries are currently the two biggest companies in India but differ greatly in terms of the way their businesses operate and in terms of revenues and market valuations. Valuation Tata Consultancy Group leads the race between the two, currently, the Indian company with the highest valuation, Rs 6.11 trillion as of January 2018, while Reliance Industries Group holds a valuation of 6.10 trillion, trailing the software major by little. It should also be noted that TCS has been leading the Indian ground in terms of market capitalization for years since 2013 to be precise. At the time, TCS was leading RIL by up to Rs 4 trillion. However, in April 2017, RIL re-gained its perch of the leader after 4 years with an m-cap of Rs 4.60 trillion. Since then, both co...

Tata Steel Acquires Debt-Laden Bhushan Steel for Rs 35,200 Cr

20May By Sheldan RungasamyNo Comments

ACQUISITION

Tata Steel Acquires Debt-Laden Bhushan Steel for Rs 35,200 Cr

Bamnipal Steel Ltd (BNPL), daughter company of Tata Steel, recently made the acquisition of 72.65% of controlling stakes in Bhushan Steel Ltd (BSL) for Rs 35,200 Cr. Tata Steel Ltd made the highest bid to acquire the indebted Bhushan Steel Ltd in an insolvency action. The firm filed for bankruptcy was among the 12 stressed assets that were referred by the RBI for NCLT proceedings next year. "BNPL has successfully completed the acquisition of controlling stake of 72.65 per cent in BSL in accordance with the approved resolution plan under the Corporate Insolvency Resolution Process (CIRP) of the Insolvency and Bankruptcy Code 2016 (IBC) which has been managed by Vijaykumar V lyer, Partner, Deloitte Touche Tohmatsu India LLP, in his capacity as the resolution professional," Tata Steel a...

26Jan By PriyankaNo Comments

FUNDING

Axis Biosolutions Raises 47 Crore Funding From Ratan Tata & Others

Bengaluru based Axio Biosolutions has raised $7.4 million (about Rs 47 crore) in a Series-B funding round led by Ratan Tata's RNT Capital, Accel Partners and IDG Ventures India. The company will use the funds for geographical and product portfolio expansion. The medtech company that specialises in wound care also gave an exit with 7X returns to the company's first institutional investor, GVFL, an Ahmedabad-based venture capital firm. "We were focused on the Middle East and India but we will branch out now... get into Europe and the US. We are working on another product in wound care. We are also looking into the consumer segment... we want to introduce a product portfolio in that market. This will be both through channel tie ups and direct to consumer", said Axio Founder. Axio ...