Tata Sons’ chairman emeritus Ratan Tata has partially exited broking platform Upstox with 10X returns after the startup concluded a buyback of 5% of Tata’s stake in it👇

Without disclosing the specifics of the transaction, Upstox, in a statement, said that Tata has registered a “23,000% return on the original investment” made in 2016, based on the startup’s last valuation of $3.5 Bn.

Tata acquired a 1.33% stake in Upstox when he invested in the startup in 2016.

It is pertinent to mention that Tata has been a prominent investor in Indian startups. Besides Upstox, he counts the likes of Ola, CarDekho, Lenskart, among others, in his portfolio. After Tata’s investment, Upstox raised $50 Mn in two more funding rounds from Tiger Global in 2019 and 2021.

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