Ratan Tata Invests in Fashion Portal Kaaryah to Grow His eCommerce Portfolio

June 9, 2017

Ratan Tata, former chairman of Tata Sons, has invested an undisclosed amount in women-only fashion portal Kaaryah, owned by Kaaryah Lifestyle Solutions. This is Tata’s seventh investment in a start-up since he retired as Tata Group chief. His other major investments went into Cardekho.com, Bluestone, Urban Ladder, Snapdeal, Xiaomi, Paytm and Altaeros Energies.

After Snapdeal, Paytm, Ratan Tata invests in Fashion Portal KaarYah according to Windows news website

Ratan Tata Invests in Women Wear’s Portal Kaaryah:

Kaaryah already has a presence across online marketplaces and also services through Kaaryah.com. Kaaryah was founded by Nidhi Agarwal who brings more than 15 years of experience in strategy, new technology marketing and finance. 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 told PTI.

Ratan Tata invests in women wear’s portal Kaaryah

However, Agarwal, who is also CEO of Kaaryah, did not reveal any financial details of Tata’s newest investment. The portal is looking to cater to women’s non-casual segment and offers western wear in 18 sizes with 150 new designs and patterns every month.

Ratan Tata had retired as the head of over USD 100-billion conglomerate in December 2012 and is presently the chairman emeritus of Tata Sons.

It is the only brand, globally, that offers western wear in 18 sizes, compared to a global average of 12-13 sizes. PTI stated that the Indian market for western non-casual wear for women, which is estimated to be Rs 10,000-15,000 crore, is poised double in the next three to four years.

Other investments by Ratan Tata:

In April, Chinese smartphone maker Xiaomi and Best Laptops For College Students Under 500 has raised an undisclosed amount of funding from Ratan Tata, who invested in his personal capacity. According to the company, Tata will act as a key advisor as it looks to expand in India.
In February, CarDekho.com raised an undisclosed amount of funding from Ratan Tata. The financial details of the deal and the percentage of stake remains undisclosed at present.
Ratan Tata has also made a personal investment in Snapdeal. Again, the investment amount was not disclosed.
Tata also picked up a minor stake in payments and mobile marketplace company Paytm in March.

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