It seems Ratan Tata, the chairman emeritus of Tata sons is on the investment spree. His 14th investment backs a food tech start-up Holachef. Though the sum is yet to undisclosed, the elated Saurabh Saxena, the CEO of Holachef has already expressed his gratitude to the investor. Pretty optimistic about the future of their start-up, Holachef CEO said, "Ratan Tata’s name and body of work is synonymous with trust and consumer focus. With his guidance, Holachef is sure to become a leader in the food-tech space, with customer delight at its core. By winning his trust, we have raised the bar of quality and excellence for ourselves.”
Launched in September 2014 by Saxena and Anil Gelra, the tech-food start up, Holachef has already found a potential customer base in Mumbai and more recently in Pune. Sources reveal that the company so far has raised a Series A Funding that accumulates Rs 20 crore in a round in June 2015. Initially in February 2015, the organization also acquire funds of 2 crore from India Quotient.
Holachef's business was launched keeping in mind the macrocosm of the retail consumers of Mumbai. In September 2014, Holachef was established in Mumbai’s Powai area and is also operating from Pune. And to pick up the pulse of the 21st century consumers, Holachef has also got their own website (www.holachef.com) and mobile app on Android and iOS.
For Ratan Tata, this is indeed a landmark event of his life. This is the 14th startup investment he has made in his personal capacity after his retirement in 2012. This simply reminds us of the time when Mr. Tata said during his retirement that he wanted to reach out to the people with the goodwill, trust and expertise that the brand TATA has created over these years. In addition, he also had given his reassurance commenting about his wish to give a strong push to the new potential businesses with whatever they require.
Till date, the brand TATA has encompassed a wide range of sectors from salt to software conglomerate, from health to women empowerment to technology. When asked to comment on his investment rationale, Mr. Tata said, "What I look at while investing in startups is the quality and intelligence of the entrepreneurs” Probably that's a reason for joining Kalaari Capital, a venture capital fund, as an advisor.
Following his acceptance speech at the Rockefeller Foundation where he received the Lifetime Achievement Award, Tata revealed that any businesses, irrespective of its size should try to make a difference in places where they operate and make sure that their effort helps in making the community prosper. In addition, he has also said that a startup must echo the qualities that he stands for. It involves a a sense of responsibility, passion, commitment and persistence.
And perhaps that's the reason, why Tata's 14th investment if for a young food tech start-up Holachef.
Launched in September 2014 by Saxena and Anil Gelra, the tech-food start up, Holachef has already found a potential customer base in Mumbai and more recently in Pune. Sources reveal that the company so far has raised a Series A Funding that accumulates Rs 20 crore in a round in June 2015. Initially in February 2015, the organization also acquire funds of 2 crore from India Quotient.
Holachef's business was launched keeping in mind the macrocosm of the retail consumers of Mumbai. In September 2014, Holachef was established in Mumbai’s Powai area and is also operating from Pune. And to pick up the pulse of the 21st century consumers, Holachef has also got their own website (www.holachef.com) and mobile app on Android and iOS.
For Ratan Tata, this is indeed a landmark event of his life. This is the 14th startup investment he has made in his personal capacity after his retirement in 2012. This simply reminds us of the time when Mr. Tata said during his retirement that he wanted to reach out to the people with the goodwill, trust and expertise that the brand TATA has created over these years. In addition, he also had given his reassurance commenting about his wish to give a strong push to the new potential businesses with whatever they require.
Till date, the brand TATA has encompassed a wide range of sectors from salt to software conglomerate, from health to women empowerment to technology. When asked to comment on his investment rationale, Mr. Tata said, "What I look at while investing in startups is the quality and intelligence of the entrepreneurs” Probably that's a reason for joining Kalaari Capital, a venture capital fund, as an advisor.
Following his acceptance speech at the Rockefeller Foundation where he received the Lifetime Achievement Award, Tata revealed that any businesses, irrespective of its size should try to make a difference in places where they operate and make sure that their effort helps in making the community prosper. In addition, he has also said that a startup must echo the qualities that he stands for. It involves a a sense of responsibility, passion, commitment and persistence.
And perhaps that's the reason, why Tata's 14th investment if for a young food tech start-up Holachef.
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