India Dealbook: Ratan Tata to invest in startup; boodmo.com raises capital; INVENT doles out seed money

India Dealbook: Ratan Tata to invest in startup; boodmo.com raises capital; INVENT doles out seed money

Ratan Tata, chairman of the Tata Group, speaks during the Vibrant Gujarat Global Investors Summit 2011 (VGGIS) at Gandhinagar in the western Indian state of Gujarat January 12, 2011. REUTERS/Amit Dave

Chairman Emeritus of Tata Sons, Ratan Tata, is slated to invest an undisclosed amount in electric vehicle startup Tork Motors, while Gurugram-headquartered online auto spare parts marketplace boodmo.com has garnered capital from its existing backer. In a separate development, three government-affiliated INVENT incubators announced seed funding for 31 social enterprises.