Ratan Tata picks up stake in online cab service Ola

  • HT Correspondent, Hindustan Times, Mumbai
  • Updated: Jul 01, 2015 23:40 IST

Ratan Tata, chairman emeritus of Tata Sons, has invested an undisclosed amount in his personal capacity in taxi aggregator Ola.

Over the last one year, Tata has made a string of personal investments in various start-ups, including online marketplace Snapdeal, mobile payments firm Paytm, online furniture retailer Urban Ladder, auto portal CarDekho.com and online jewellery retailer Bluestone. Earlier this year, he also bought a stake in in Chinese smartphone maker Xiaomi.

“This is a huge endorsement from one of the most respected business leaders of our times,” said Bhavish Aggarwal, CEO and co-founder of Ola.

Ola recently raised $400 million in series E round of funding led by Russian investment firm DST Global. Singapore’s GIC, Japan’s SoftBank Group, Tiger Global, Steadview Capital and US’ Accel Partners are among Ola’s other investors.

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