The investment was made in his personal capacity.
Crayon, a portfolio company of Jungle Ventures, had previously raised 10 million Singapore dollars in seed and Series A funding from angel institutional investors like Jungle Ventures and Spring Seeds.
The veteran industrialist has been aggressively investing in startups, ranging from e-commerce firms to cab aggregators. He has invested in firms like Snapdeal, Kaaryah, Urban Ladder, Bluestone, CarDekho, Sabse Technologies, Xiaomi and Ola.
Tata, who served as chairman of Tata Sons for over two decades until his retirement in 2012, has also joined some venture capital funds as advisor, including Kalaari Capital and Jungle Ventures in the past year.
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TATA Projects is sensitive to biodiversity and the
environment in which it operates, and takes utmost care to protect the same. This year about 20,000 trees were planted by TATA Projects at various project sites.
'A unique 'Green Thumb' initiative, rolled out by the company in 2016, integrated the company's tree plantation efforts while creating awareness about the environment on social media. Employee volunteering for these efforts has lasting benefits while serving a larger regional purpose.
With the overall efforts of the TATA Group. TATA Projects also plans to spend its CSR budget to undertake developments of public interest in the vicinity of the project.
ITD Cementation, a subsidiary of Italian-Thai Development Public Company, Thailand, is a leading construction company engaged in the infra space for over eight decades. It shares similar commitment to preserving the ecology and environment. CEC Taiwan, too has the same commitment.
About TATA Projects Limited
TATA Projects is one of the fastest growing and most admired infrastructure companies in India. It has expertise in executing large and complex urban and industrial infrastructure projects.
The company provides turnkey end-to-end solutions to set up power generation plants, power transmission and distribution systems, fully integrated rail and metro systems, commercial buildings and airports, chemical process plants, water and waste water management solutions,
Complete mining and metal purification systems. The company is driven to deliver projects on-time, using world-class project management techniques and has uncompromising standards for safety and sustainability. For more information, visit https://bsmedia.business-standard.comwww.Tataprojects.Com Photo:
http://mma.Prnewswire.Com/media/471797/Tata_Projects_Green_Thu mb_Initiative.Jpg
Source: TATA Projects Limited
Media Contact: Vishal Thapa, vthapa@perfectrelations.