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IdeaChakki, a unique food tech startup that offers digital video menus for customers in restaurants, has raised funding from Ratan Tata.
The company confirmed that they have raised funds from Tata early this year and is using the fund to expand their work beyond Delhi-NCR, however refusing to comment on amount of the funding (via).
At the time of writing this their website was throwing errors.
Company Name : Moglix
Investor(s) Ratan Tata
Funding Round : Angel round
Moglix, an e-commerce company specializing in B2B procurement of industrial products, today announced an undisclosed financial investment in the company by renowned industrialist, Mr. Ratan Tata.
This marks Mr. Tata’s entry as an investor in a manufacturing tech-startup, adding to his varied portfolio of e-commerce and new-age technology enabled companies. With his expertise and keen interest in the sector, Mr. Tata will play an important role in mentoring Moglix on business growth, global expansion and leadership.
Founded in August 2015 by Rahul Garg, a former Google employee with extensive experience in building global products and running sales across Asia, Moglix is focused on technologically disrupting the B2B Industrial products space for suppliers and buyers across the globe.
The company currently specializes in B2B procurement of industrial products such as MRO, Fasteners and Industrial Electricals and is partnering with manufacturers and distributors across these categories in India, China and other Asian countries. Moglix is also playing an important role in facilitating online convenience and enabling supply chain efficiencies in business purchasing.
Moglix recently raised Pre-Series A funding from Accel Partners and Jungle Ventures. The funds are being used to enhance the technology platform, build a deep supplier base as well as increase marketing spends across Asia.
As the Government is aggressively driving manufacturing growth in India through the Make in India and Digital India campaigns, Moglix is passionate about steering the company to build on the initiatives. The company is focused on bringing technology and manufacturing together to drive transparency, efficiency and scale for manufacturing companies within India, making them globally competitive and enabling the use of technology for procurement, sales and marketing, supply network optimization in both domestic and global markets.
Company Name : Tracxn
Funding Amount : Undisclosed
Investor(s) Ratan Tata
Tracxn Technologies, a data analytics company has raised funding from Ratan Tata, Chairman Emeritus, Tata Sons.
Started in 2013, by ex-investors Neha Singh and Abhishek Goyal, Tracxn is a startup research platform. Tracxn leverages intelligent data analytics and a sector-focused analyst team to help venture capital funds, private equity firms, corporate development and strategy teams globally to track the dynamic startup market.
“At Tracxn we are building the largest startup intelligence platform to help investors & companies stay on top on all startup activity. We are very proud that Mr. Tata has seen value in our unique product offering. We are eager to learn from Mr. Tata’s invaluable experience, as we take Tracxn to the next level”, said Neha Singh, CEO and Founder, Tracxn.
Tracxn has increased its Analyst team size from 25 to 125 in a year. The company claims that the client base has also seen a 400% increase over the last one year.
The company had earlier raised a $3.5M from SAIF Partners in April 2015.
Company Name : DogSpot
Funding Amount : Undisclosed
Investor(s) Ratan Tata, Ronnie Screwvala.
Funding Round : Not Disclosed
Ratan Tata along with Ronnie Screwvala has invested in online pet shop DogSpot. Ashok Mittal, Rishi Parti, Dheeraj Jain and Abhijeet Pai also invested in the Gurgaon based startup.
The funding will be used to expand the product offerings, upgrade technology and strengthen team.
The startup had raised an early stage funding from India Quotient in 2013.
[source]UrbanClap has raised an undisclosed amount in funding from Ratan Tata. Urbanclap recently raised $25 million in Series B led by Bessemer Venture Partners, Accel Partners, and SAIF.
UrbanClap is a services marketplace where users can hire professionals for local services which includes plumbers, electricians, beauticians, trainers, tutors, and wedding photographer. UrbanClap has 80+ such services.
The company is operational in six cities–NCR, Bangalore, Mumbai, Chennai, Pune and Hyderabad–serving thousands of customers each day through our network of 25000+ service professionals.
After Kalaari Capital, Ratan Tata has joined IDG Ventures as a senior advisor advising portfolio companies.
Lately, Ratan Tata has been an extremely active angel investor and some of his portfolio includes Snapdeal, UrbanLadder, Ola, Xiaomi and others.
IDG recently concluded its 5th year in India.
Ratan Tata has invested in Holachef, Mumbai-based online marketplace for chefs. RatanTata’s investment is part of the series A round of Holachef which the food-tech startup raised (20 crores) from Kalaari Capital this year.
The service was founded in September 2014 and had raised a seed fund of Rs 2 crore by India Quotient in February 2015. The investment was in the form of convertible notes, a short term debt that converts to equity when a startup raises Series A funding.
