Ratan Tata buys stake in Kaaryah

NEW DELHI: Tata Sons chairman emeritus 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 has 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 startup Altaeros. In April this year, he invested in Chinese handset maker Xiaomi.
Kaaryah has a presence across leading online marketplaces and also services through Kaaryah.com. “It is the only brand, globally, that offers western wear in 18 sizes, compared to a global average of 12-13 sizes,” Agarwal said. agencies