Ever since he became interested in start ups, many freshers in the entrepreneur business have been blessed by his magic wand. After PayTm, Ola and a several others, everyone in the circuit were keen on knowing where Ratan Tata is further investing. Well, its online lingerie retailer Zivame now. While no information has been revealed about when and how much did the Tata Sons chairman emeritus invested in Zivame, people aware of the development confirmed about the development.
However neither Tata nor Zivame have confirmed anything officially.
Zivame recently closed a Series-C funding round of Rs 250 crore from Zodius Technology Fund and Khazanah Nasional Berhad, the strategic investment fund of the government of Malaysia. Sources have informed that Tata has invested in the company much before the above findings.
After stepping down an active role in the Tata Group, Ratan Tata has become a superstar investor for many start ups. He has invested in several internet companies and startups including Ola, Cardekho, Paytm, healthcare platform Lybrate and women's clothing brand Kaaryah. Tata also serves as an adviser with Kalaari Capital and IDG Ventures, which have both invested in Zivame.
He has invested in nearly a dozen of Kalaari's portfolio companies including Snapdeal, UrbanLadder, Holachef, YourStory and Bluestone. Zivame was expecting to close fiscal 2015 with Rs 50 crore in gross merchandise value, or the total retail price of the goods sold on its platform, on a loss of about Rs 35 crore.