Ratan Tata funds big data firm Crayon Data

Industry veteran Ratan Tata has funded a Singapore-based big data start-up company Crayon Data. The amount of the fund is not still disclosed.

This personal investment from Ratan Tata comes three months after he joined as a senior adviser to Jungle Ventures, the Singapore-based VC which has invested in Crayon. After his retirement, he has become an influential investor in start-ups. He has invested his money in different sectors like Ola, Cardekho, Paytm, healthcare platform Lybrate, lingerie etailer Zivame and women’s clothing brand Kaaryah.

Crayon was co-founded in 2012 by IIM Calcutta graduates Sastri and Suresh Shankar. It has already raised $10 million in funding from Singapore-based Jungle Ventures and Spring Seeds so far. The company employs 100 people within offices spread across New York, Dubai, Chennai, Singapore and London...Read more

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