Billionaire investor Ajay Piramal has bought a ‘marginal’ stake in Chennai-based cab aggregator Utoo, the company’s promoter C Sivasankaran said on July 11. Utoo, which was launched just over a month ago to compete against Ola and Uber, has been valued at Rs 1,000 crore, Sivasan…
Tag: Montane Ventures
Ajay Piramal spots value in Venture Capital Investing
The family office of Ajay Piramal is stepping into venture capital investing to get a slice of the fast-growing entrepreneurial ecosystem in the country. Known as being one of the savviest value investors in India Inc, Piramal is backing the newly floated Montane Ventures, an early-stage fund, as…