Tata Group Chairman Emeritus Ratan Tata has invested an undisclosed amount in the online start-up entrepreneur stories portal YourStory.com, adding yet another online company to his long list of investments.
The company also received funding from Vani Kola (Kalaari Capital), Karthee Madasamy (Qualcomm Ventures) and T V Mohandas Pai, the company's founder and the Chief Editor of the website, Shradha Sharma announced in a blog post on Monday morning.
The online portal YourStory.com covers stories about new, little-known entrepreneurs and stories about start-ups. It was started seven years ago by Sharma, who wanted to tell stories about "entrepreneurs who are not superstars yet but have the spark, drive and hope."
Prior to this, Ratan Tata has invested undisclosed amounts in several online portals, including Snapdeal, e-tail furniture portal Urban Ladder, CarDekho, Ola Cabs, and so on.
When he retired in 2012, Ratan Tata had let it be known that he wanted to reach out to people and have them draw from the trusts' expertise to give a strong push to new businesses. Since then, Tata has been actively working on those words.
