Iconic business leader Ratan Tata has acquired a stake in Kaaryah, a fashion portal for women’s wear, making it his latest personal investment in technology ventures.
However, the company declined to disclose the quantum and value of the stake, which Tata Group’s former chief has invested in his personal capacity.
“We are honoured by Ratan Tata’s investment in Kaaryah. This validation from Tata is an endorsement, of the highest order, of our vision of creating a world class brand,” Kaaryah Founder Nidhi Agarwal said.
Tata, who retired as the head of over USD 100-billion conglomerate in December 2012 and currently serves as chairman emeritus of Tata Sons, has emerged as a major venture capital investor since his retirement.
He has already made personal investments in homegrown e-commerce players like Snapdeal, Urban Ladder, Bluestone and Cardekho.Com. He has also invested in mobile commerce firm Paytm and wind energy start-up Altaeros Energies.
Besides, in April this year, Tata invested in Chinese handset maker Xiaomi.