Ratan Tata Olacabs

It's a buzz-word today - the "startup". People across the country are venturing into new spaces away from the traditional business model. And when an old-school industrialist like Ratan Tata starts putting his own money into some hand-picked ventures, it is one more reason why people are paying attention to this brave new world.

Ola did not disclose financial details of the investment, but said Tata had taken a stake in his individual capacity.

Olacabs calls itself India's largest aggregator of point to point and rental cabs.

It's a buzz-word today - the "startup". People across the country are venturing into new spaces away from the traditional business model. And when an old-school industrialist like Ratan Tata starts putting his own money into some hand-picked ventures, it is one more reason why people are paying attention to this brave new world.

Ola did not disclose financial details of the investment, but said Tata had taken a stake in his individual capacity.

Olacabs calls itself India's largest aggregator of point to point and rental cabs.