Rediffmail Money rediffGURUS BusinessEmail

Tata not involved in Snapdeal operations: Bahl

September 27, 2014 17:50 IST
By BS Reporter

While Tata Sons' Chairman Emeritus Ratan Tata has made an investment in e-commerce company Snapdeal, he is not involved in its functioning.

On the sidelines of an event here, Snapdeal co-founder Kunal Bahl said, “Many times, like we don't need our parents to be in front of us for their support, I don't think he (Tata) needs to be in front of me all the time for the support that he can give us.”

Even as the exact amount of the investment by Tata is not known, experts said this was a significant development for the company, mainly due to Tata's stature.

Bahl said Tata's role in Snapdeal was like other investors’. But he was “special in his own way”.

“I think his investment is a great validation of what we are building, and I think probably our vision resonated with him,” Bahl said.

BS Reporter in Bangalore
Source:

More News Coverage

Tata Snapdeal Kunal Bahl

WEB STORIES

International Museum Day: 11 Wonderful Indian Museums

Strawberry Honey Dessert: 5-Min Recipe

Recipe: Chicken With Olives And Lemon

VIDEOS

NewsBusinessMoviesSportsCricketGet AheadDiscussionLabsMyPageVideosCompany Email