Ratan Tata, Chairman Emeritus of Tata sons will invest in the latest startup Zivame, the lingerie e-tailer. The e-tailer recently closed a funding round of Series C, raising Rs. 250 Crore from Khazanah Nasional Berhad, Government of Malaysia’s strategic investment fund and Zodius Technology.
However, according to the persons familiar with the deal, Tata had invested even before the round of funding. Tata has become a prominent investor in the start-ups after resigning from his active role in the Tata group. He has invested money into the several online retailing start-ups like Paytm, Ola, Cardekho, Lybrate, Kaaryah etc.
He has also funded close to a dozen of Kalaari’s portfolio companies that includes Urban Ladder, Snapdeal, Holachef, Bluestone and Yourstory. Zivame expects to close the fiscal 2015 with a GMV (Gross Merchandise Value) of Rs. 50 Crore, and total retail price of the products sold on its online platform at a loss of Rs. 35 Crore.