UrbanClap to get funding from Ratan Tata

Leading services marketplace UrbanClap, where Ratan Tata made his latest investment, wants to be counted among the top five internet businesses in India within a year. Co-founder and Chief Executive Abhiraj Bhal told Business Standard, “We are looking to become the Amazon for services’’. The company has overseas ambitions too at some point.

The Chairman Emeritus of the Tata Group has made investments in his personal capacity in more than 15 start-ups over the last 20 months.

Although, the size of his investment has never been disclosed, recent filings with the Registrar of Companies showed Tata had put in around Rs 20 crore in multiple start-ups including Ola, Paytm, Snapdeal, UrbanLadder, Bluestone, Zivame, Car Dekho, Xiaomi and Your Story, among others. On Thursday, UrbanClap, which provides anything from plumber and electrician to wedding planner and maths tutor through an app-based platform, announced investments made by Tata.

Source: Business Standard

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