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Top related persons:
Vijay Mathur - 1 Tata Neu - 1 Ashna Teresa Britto - 1 Sonia Cheema - 1
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Tata Group - 1 Confederation of Indian Industry - 1 REUTERS - 1 Rights - 1 India's Tata Group - 1 Bloomberg - 1 Tata - 1 Amazon.com - 1

Search resuls for: "Tata Neu"


2 mentions found


☆ India's Tata Group mulls $1 bln infusion into super-app venture - Bloomberg News
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
The logo of Tata Group is seen at a business meeting organised by the Confederation of Indian Industry (CII) in New Delhi March 23, 2009. REUTERS/Vijay Mathur/File photo Acquire Licensing RightsBENGALURU, Oct 19 (Reuters) - India's Tata Group is considering a $1 billion capital infusion into its super app Tata Neu to improve its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata may provide the capital in 2024, the report said, adding talks are ongoing and details of the deal could change. A super app combines multiple services onto one platform. Tata Neu was launched in April 2022 and offers products ranging from apparel to airline tickets, and aims to compete with a fast-growing market dominated by Amazon.com (AMZN.O) and Walmart's (WMT.N) Flipkart.
Persons: Vijay Mathur, Tata Neu, Ashna Teresa Britto, Sonia Cheema Organizations: Tata Group, Confederation of Indian Industry, REUTERS, Rights, India's Tata Group, Bloomberg, Tata, Reuters, Amazon.com, Thomson Locations: New Delhi
☆ India's Tata Group mulls pumping $2 bln into super app venture -Bloomberg News
  + stars: | 2023-03-23 | by ( ) www.reuters.com   time to read: +1 min
BENGALURU, March 23 (Reuters) - Indian salt-to-software conglomerate Tata Group is considering injecting another $2 billion into its super app venture to bolster its digital business, Bloomberg News reported on Thursday, citing people familiar with the matter. Tata Group has also asked Tata Digital to look for ways to boost the valuation of the super app, according to the report. A Tata Group spokesperson and Tata Digital declined to comment on the report. Tata launched the e-commerce super app in April last year, offering everything from apparel to air tickets in a renewed push for a slice of a fast-growing market dominated by Amazon.com (AMZN.O) and Walmart's (WMT.N) Flipkart. Reporting by Hritam Mukherjee in Bengaluru; Editing by Savio D'Souza and Varun H KOur Standards: The Thomson Reuters Trust Principles.
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