Ratan Tata Invests INR 3.49 Cr in Shekhar Gupta’s ThePrint
Shekhar Gupta, the editor who turned entrepreneur, received an investment of INR 3.49 Cr for his digital media platform, The Print, from existing investors Ratan Naval Tata in what seems to be an extended seed round.
The parent company, Printline Media Private Limited prearranged 343 Seed debentures each worth INR 102,000 on March 12, 2018.
Since its foundation, the parent company raised funds worth INR 45 Cr over 2016-17 and Ratan Tata personally invested about INR 4.99 Cr, which includes the most recent one.
The company founded by Shekhar Gupta has seen several investments from marquee venture capitalists such as N.R Narayana Murthy, Nandan Nilekani, Uday Kotak Family, Kiran Mazumdar Shaw (Biocon Ltd founder), Rajiv C. Mody (Bangalore-based tech-entrepreneur), Vijay Shekhar (fou...