Continuing with his funding in startups, top industrialist Ratan Tata has invested in services marketplace, UrbanClap.
However, the value of the investment was not disclosed.
"UrbanClap, India's largest services marketplace, is happy to announce that Ratan N Tata has invested in the company in his personal capacity," it said in a statement.
Operational in six cities -- Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune and Hyderabad -- UrbanClap allows users to book over 80 services, including plumbing, electrical work, beauty, wellness, tutorials and wedding photography.
The company has a network of more than 25,000 service professionals.
The Tata Sons' Chairman Emeritus 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 the 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.
"The divestment of the urea business by Tata Chemicals
will unlock value for the company, strengthen its balance sheet and will help to pursue growth potentials and opportunities in line with its strategic directions," Tata Chemicals said.
The sale is part of the company's plans to strengthen the fertiliser business by partnerships and/or transfer of ownership to world-class companies.
"The urea business will now have the benefit of international network of Yara and its global expertise," it said.
Tata Chemicals will continue to own the brands Paras, TKS and Daksha.
The transaction does not include specialty products and complex fertilisers.
R Mukundan, Managing Director, Tata Chemicals, said "This marks a decisive move on the part of the company to move forward on its strategy to build consumer business while maintaining leadership in inorganic chemicals business and focusing the farm business through its subsidiary Rallis and Metahelix. The company is pleased to have found a strong partner to parent its urea business.
