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Ratan Tata has made a personal investment in online jewellery retailer Bluestone as the former Tata Group chairman scales up his exposure to India's red hot e-commerce sector which has attracted a steady stream of investor money. Tata, 73, now chairman emeritus of Tata Sons, the holding company of the $100 billion steel-to-software Indian conglomerate, has subscribed to fresh shares of the three year-old e-commerce player which sells jewellery targeted at women buyers.thomas sabo earrings price The size of Tata's investment could not be ascertained by TOI. He joins a list of pedigree angel investors and venture capital firms backing the Bangalore-based company founded by IIT graduate Gaurav Singh Kushwaha and Vidya Nataraj, and seed-funded by the serial entrepreneur duo Meena Ganesh and K Ganesh. Tata made his maiden e-commerce investment last month when he picked up a small stake in Delhi-based Snapdeal by buying out an early investor, first reported by this newspaper. thomas sabo rings canadaHis latest move is interesting considering Tata group's brand Tanishq emerged as a billion dollar jewellery retailing enterprise under his watch. thomas sabo canada careers "An investment by Ratan Tata who has been at the helm of India's most successful and respected conglomerate is a validation of our approach in building an innovative brand that is disrupting the jewellery market," Bluestone's Kushwaha told TOI. Bluestone is a vertically integrated online jeweler with its own manufacturing, thomas sabo earrings pricedesigns and delivery functions which competes with the likes of Caratlane.com backed by Tiger Global. Venture Capital funds Accel Partners, Kalaari and Saama Capital are Bluestone's existing investors. thomas sabo charms canada |
