Catmare plans to invest 80 to 100 crores in Udaan (Udaan).
The Unicorn company is in talks to invest in Udaan, a private investment company of Infosys co-founder Narayan Murthy.
According to business sources, Catmiren plans to invest 80 to 100 crore rupees in the flight. This investment will be of secondary path. That is, it will be invested through the purchase of employees’ shares. Sources said that talks about this are in the advanced stage. The deal is expected to be completed in the next few weeks. An e-mail sent to Catmine Ventures did not elicit any response.
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In January, the company had raised 2 thousand croresA Udaan spokesperson said that the company does not comment on speculation or immature transactions. In January, Udaan raised $ 28 million or Rs 2,048 crore from various investors. The company has raised $ 1.15 billion to date.
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Tata has been investing in startups since 2012
Let me tell you that after retiring in December 2012, Ratan Tata has invested in about a dozen startups so far. He has done all these investments through his company RNT Associates. So far, he has invested in Ola, Paytm, Snapdeal, Curefit, Urban Ladder and Avanti Finance. Not only this, now they are also getting out of some startups by booking profits. Recently, there were also reports of his investment being withdrawn from Lanskart.