Business News Desk -Former Tata Group Chairman Ratan Tata passed away on Wednesday, October 9. Ratan Tata, 86, breathed his last at Breach Candy Hospital in Mumbai, leaving behind a legacy full of visionary investments and transformational leadership. Known for its dedication towards innovation and entrepreneurship, Tata has backed several startups that have revolutionized sectors such as e-commerce, healthcare and mobility. His contribution not only promoted the growth of these businesses but also encouraged the spirit of entrepreneurship in the country. As the world mourns his demise, let’s take a look at the impressive startups he backed:
goodfellow
In 2022, Ratan Tata made a significant undisclosed seed investment in Goodfellows, a startup that aims to promote inter-generational friendship. Founded by Shantanu Naidu, who also manages Tata’s office, the initiative aims to connect individuals above the age of 70 with sympathetic peers in their 20s. During its launch, Tata emphasized the importance of friendship, which combats the loneliness that often accompanies old age.
GOQii
Tata invested in GOQii in 2016, which has an innovative approach to health and wellness. GOQii focuses on wearable fitness tools and personal health management solutions. Tata’s support not only provides the necessary funding but also enhances the credibility of the startup.
generic base
In 2019, Tata invested in Generic Aadhaar, which is dedicated to making healthcare more affordable. Their support helps realize the company’s mission, which is to provide quality generic medicines at affordable prices.
dog spot
In 2016, Ratan Tata became an investor in Dog Spot, which aims to create a community for pet lovers. Their support helped establish DogSpot as a leading platform for pet services, grooming, training and products.
cure.fit
Health and fitness startup Cure.fit gets $170 million backing from investors including Tata. This includes fitness centers, food delivery services, healthcare clinics, and an online mental health platform.
in life
In 2015, Tata made a strategic investment in online underwear retailer Zivame. Their investment helped Zivame expand technology and customer reach.
Ola Electric
Ratan Tata’s association with Ola began in 2015 with an investment of ₹95 lakh. In 2019, he invested in Ola Electric Mobility, which supports efforts to revolutionize electric mobility in India.
snapdeal
In 2014, Tata acquired a 0.17% stake in Snapdeal, helping it maintain its competitive edge in the e-commerce space.
yourstory
YourStory, founded by Shraddha Sharma, became the first platform to receive investment from Tata. Tata’s support made it an important voice in India’s entrepreneurship ecosystem.
lenskart
In 2016, Tata invested ₹10 lakh in Lenskart. His investment proved vital for the company, helping Lenskart grow.
Nastaway
Tata invested in Nestaway Technologies in 2016, which provides furnished accommodation for young professionals.
librate
In 2015, Tata invested $10.2 million in online healthcare startup Lybrate.
climaxail
Tata participated in the seed funding round for weather technology company ClimaCell in 2016.
car look
In 2015, Ratan Tata made a minority investment in Girnar Soft, the parent company of CarDekho, which is attempting to transform the car buying experience.
holachief
Tata invested in food-tech startup HolaChief and helped it set up in Mumbai and Pune.
firstcry
Tata had invested in FirstCry in 2016, after which it made huge profits when the company goes for IPO in 2024.
Paytm
Tata invested ₹1 crore in Paytm in 2015, giving him a position as a business advisor to its parent company.This story reflects Ratan Tata’s vision and his commitment to entrepreneurship, which has led him to not only , but also helped other startups in their journey.
