Industrialist Ratan Tata has invested an undisclosed amount in India’s services marketplace UrbanClap. Operational in six cities – Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune and Hyderabad – UrbanClap allows users to book over 80 services, including plumbing, electrical work, beauty, wellness, tutorials and wedding photography.The company has a network of more than 25,000 service professionals.
The Tata Sons’ Chairman Emeritus been aggressively investing in start-ups, ranging from e-commerce firms to cab aggregators. He has invested in firms like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi and Ola. Tata, who served as the Chairman of Tata Sons for over two decades until his retirement in 2012, has also joined some venture capital funds as advisor, including Kalaari Capital and Jungle Ventures, in the past year.
Ratan Tata took over as Chairman of Tata Industries in 1981. Later in 1991, he took over as the group Chairman from J.R.D Tata. It was then that he pushed out the old guard and ushered in young managers. Ever since then, Ratan has been instrumental in reshaping the fortune of the Tata Group. Ratan Tata transformed the fate of Tata Group from being a conventional corporate house to a global conglomerate.