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TATA GROUP EYES $1 BN SUPER-APP EXPANSION
The Business Guardian
|October 21, 2023
TheTata Groupisconsideringinjecting$1 billionof fresh capital into itssuper appventure to enhance its digital
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As the salt-to-software conglomerate looks to boost the digital business, Tata Group is considering investing an additional $1 billion in its mega app endeavor, according to people familiar with the situation. The persons, who wished to remain anonymous when discussing sensitive material, stated that the infusion is in addition to the $2 billion that Tata Group already invested in the business earlier this year. If a deal goes through, Tata Digital Pvt. will get the additional funding in the upcoming year, according to the sources. The conglomerate has asked the digital unit, which runs its flagship online platform Tata Neu, to streamline its operations and fix glitches in the app to make it more user
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