Ratan Tata is on an investment spree, and the latest in line is Ola. CEO and co-founder Bhavish Aggarwal made the announcement on the company s blog, though he didn t reveal how much stake Tata picked up. Also Read - Ola to offer free oxygen concentrators to the needy
Honoured to have @RNTata2000 invest in @Olacabs mission to build mobility for billion Indians! http://t.co/ZIDJEa2cci pic.twitter.com/8mreQ0wTIM Also Read - Ola India set to launch first electric scooter in 2021Also Read - Uber cab service resumed in 31 cities in India with new Lockdown 4.0 guidelines
Bhavish Aggarwal (@bhash) July 1, 2015
We are thrilled to share that Mr. Ratan Tata has recently invested in Ola, in his personal capacity, Aggarwal wrote. While I am personally very excited about this, as a company we can now learn from the rich experience of one of the finest business leaders of our times.
Since retiring from Tata Group in 2012, Ratan Tata currently serves as chairman emeritus of Tata Sons and has been steadily investing in a number of startups. He s already investments in Snapdeal, Urban Ladder, Cardekho.com, Kaaryah, and more recently in Paytm and Xiaomi.
Aggarwal s blog post follows.
We are thrilled to share that Mr. Ratan Tata has recently invested in Ola, in his personal capacity. While I am personally very excited about this, as a company we can now learn from the rich experience of one of the finest business leaders of our times.
Mr. Tata s inclination towards transportation as a segment with the way he steered Tata Motors under his leadership at the group level is well known. Also, the Tatas at a group level and Mr. Ratan Tata himself, have built businesses that have focused on immense social impact and value creation. 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 honor as well as a huge endorsement for us and reflects Ola s commitment towards the future of mobility in India.
While we have grown to serve millions of customers in 100+ cities with over 200,000 driver entrepreneurs on our platform in a span of just 4 years since inception, we definitely have a long way to go in revolutionizing how an India of over a billion people will move around in cities.