After making series of investments in number of Indian startups, this time, Ratan Tata has now made a personal investment in Indian cab & auto booking startup Ola and has picked up a minority stake in the company.
Bhavish of Ola on Twitter said,
— Bhavish Aggarwal (@bhash) July 1, 2015
He further added,
With Ola’s vision to impact mobility and transportation in India by creating a valuable citizen utility and a robust entrepreneurial ecosystem, we look forward to seeking inspiration and learning from this association. It is an honour as well as a huge endorsement for us and reflects Ola’s commitment towards the future of mobility in India.
Ratan Tata has so far invested in companies like Snapdeal, UrbanLadder, Bluestone, Cardekho.com, Paytm, Altaeros Energies, Kaaryah and Xiaomi.
Launched 4 years back, Ola has served millions of customers in 100+ cities with over 200,000 driver entrepreneurs through its platform.