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UrbanClap on Thursday said that Ratan Tata has invested an undisclosed amount in his personal capacity in the company.
The services marketplace is operational in six cities — NCR, Bengaluru, Mumbai, Chennai, Pune and Hyderabad. “Tata’s personal investment in UrbanClap is a testament to both the size of the market opportunity, and the calibre of the UrbanClap team, which is undeterred in its efforts to build a valuable marketplace that millions of Indians love.
“Additionally, UrbanClap is well positioned to create lakhs of new jobs for service professionals, thereby creating a new breed of micro-entrepreneurs,” the company said in a statement.
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