Friday, 24 March, 2023

Tata adds Rs 5,882 crore to their ecommerce war chest

<p>Tata Sons has invested Rs 5,882 crore in its flagship ecommerce company, Tata Digital, according to regulatory documents. It&#39;s the greatest money allocation in a single tranche and the most the Tatas have ever put into ecommerce in a fiscal year. Tata Digital, which controls the freshly launched ecommerce super app Tata Neu, has been buying up buzzy businesses like e-grocer BigBasket and e-pharmacy 1mg in the consumer internet arena over the previous year.</p>