MUMBAI – Chairman Emeritus of TATA Sons Ltd. (NASDAQ:TTM), Ratan Tata has made yet another personal investment in Mumbai-based Food-tech Startup, Holachef. The total amount of investment made by Ratan Tata has not been disclosed yet.
Holachef, which is food based online platform was launched in September 2014, which delivers cuisine from different chefs. Holachef was co-founded by IIT Bombay graduates Saurabh Saxena, Anil Gera and Ritu Rana.
Currently, Holachef services are available through its website and apps and are operational in Mumbai and Pune region having substantial growth in both regions.
Announcing the investment of undisclosed amount Saurabh Saxena, CEO and co-founder of Holachef said, “Ratan Tata’s name and body of work is synonymous with trust and consumer focus. With his guidance, Holachef is looking to become a leader in the food-tech space. We are truly honoured to be associated with probably the most renowned symbol of Indian entrepreneurship globally. There’s so much that we can learn from his experience and personality.”
Ratan Tata, who is known for his work as a chairperson of TATA Sons Ltd., and his investment, has also taken up the role of adviser in Kalaari Capital.
Ratan Tata has been investing aggressively in his personal capacity in young Start-ups ranging from e-commerce giants to Cab firms. He has invested in more than 13 firms till now, starting his maiden investment with Snapdeal last year.
Ratan Tata has invested in companies like Ola Cabs, Snapdeal, Urban Ladder, CarDekho, Xiaomi and Kaaryah.
Holachef is 14th start-up investment of Ratan Tata, which he has made in his personal capacity.
Holachef has raised a first strategic funding of Rs. 20 crores from Kalaari Capital in June 2015 and seed fund of Rs. 2 crores from Indian Quotient in February 2015; with the likes of Ratan Tata, Holachef can beat its rivals like Eatlo, BiteClub and new food ordering app TinyOwl.