It seems that Ratan Tata, an Indian famous businessman is focusing into e-commerce ventures.
According to latest reports, Ratan Tata has acquired a stake in Kaaryah, a fashion portal for women’s wear, making it his most recent personal investment in technology ventures.
As understand the market estimations, the Indian market for western non-casual wear for women is estimated to be Rs.10,000-15,000 crore and it has a potentiality to be doubled in the next 3-4 years.
Tata, who presently serves as chairman emeritus of Tata Sons, has emerged as a noteworthy venture capital investor since his retirement.
Tata has already made personal investments in e-commerce players like Bluestone, Snapdeal, and Urban Ladder.
He has additionally put Resources into mobile commerce firm Paytm and wind energy start-up Altaeros Energies.
Moreover, in April this year, Tata put resources in the form of investment into Chinese handset producer Xiaomi.