Ratan Tata has made an investment in online automobile classifieds portal, Cardekho.com. However, the investment amount has not been disclosed.
It appears that he is reaffirming his presence by investing in growing e-commerce platforms in the country. As a part of the investment deal, he now partly owns the shares of the Jaipur based GirnarSoft which owns and operates CarDekho.com, BikeDekho.com and PriceDekho.com.
Last month, CarDekho had raised a funding of $50 million from Hillhouse, Tybourne and Sequoia Capital. The funds were to be used for brand building and marketing. Last year in September 2014, CarDekho had acquired IbiboGroup’s Gaadi.com, for an undisclosed amount.
Ratan Tata is actively investing in a variety of online companies. Last year he invested in online shopping marketplace Snapdeal.com. Following this by an investment in an online jewellery company Bluestone and later adding online furniture retailer Urban Ladder to his investment portfolio.