Ratan Tata invests in auto portal Cardekho.com

New Delhi : The Chairman emeritus of Tata Group,Ratan Tata has invested an undisclosed amount in hispersonal capacity in auto portal CarDekho.com.For the first time 100 billion dollars Tata conglomeratehas joined hands with an auto portal by investing in apersonal capacity, CarDekho.com said in a statement today.Amit Jain, CEO and co-founder of GirnarSoft the companythat owns CarDekho, said Mr Tata will hold a minority stakein the company.Mr Tata has investment in many e-commerce companies inhis personal capacity, including Snapdeal and Urban Ladder.Mr Jain, co-founded GirnarSoft, with his brother AnuragJain, who is the Chief Operating Officer of the company.Both of them are alumni of IIT Delhi.GirnarSoft recently raised US 50 million dollars fundingfrom investors, led by Hillhouse Capital. The company alsocounts Tybourne Capital and Sequoia Capital among itsinvestors. After this fund-raising, GirnarSoft was valued at300 million dollars.CarDekho will invest heavily in marketing and brandbuilding exercises, besides boosting its sales force, AmitJain said.The company plans to add 800 employees this year. It hasan existing employee base of about 1000.Carwale.com and CarTrade.com are among the competitorsof CarDekho. Last year, CarDekho had acquired another autoclassified portal Gaadi.com.� (Agencies)