Ratan Tata, the renowned Indian industrialist, has sold a 5% stake in Mumbai-based stock broking start-up Upstox. The company confirmed this transaction and revealed that Tata received a staggering return of 23,000% on his initial investment. Despite this sale, Tata still retains 95% of his original shareholding in the firm.

Upstox delivers a staggering 23,000% return on investment for Ratan Tata, highlighting the potential of fintech startups and the benefits of early-stage investing.

The Ratan Tata and Tiger Global-backed digital investment and trading platform said Tata’s stake in Upstox has registered a whopping 23,000% return on the original investment made in 2016, based on its last round valuation of $3.

In a major setback for billionaire Ratan Tata-led Tata Group, a massive fire had engulfed the iPhone assembly plant of Tata Electronics in Krishnagiri in Hosur, Tamil Nadu on Saturday.

Tata, who had acquired a 1.33% stake in the Tiger Global-backed startup in 2016, continues to hold 95% of the investment.

Business tycoon Ratan Tata has sold 5% of his stake in Upstox to the company in a buyback transaction, leading to a 10-fold realised return on his investment, according to a statement. While Tata continues to hold 95% of his original investment, he is set to make 23000% returns on his money, based on Upstox's last round valuation of $3.5 billion.

Ratan Tata has partially exited broking platform Upstox with 10X returns after the startup concluded a buyback of 5% of Tata’s stake in it

Ratan Tata sold his stake in a company, resulting in Rs 23,000 per cent profit. He books the profit by selling his stake. This sale marks yet another successful exit for Ratan Tata in his extensive portfolio of startup investments.

Mumbai-based stock broking startup Upstox has bought back 5% of Ratan Tata's shares, delivering him an impressive 23,000% return on his initial investment. Despite this partial sale, Tata still holds 95% of his original stake in the company.