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Former CEO Naveen Tahiliyani, who joined from Tata AIA in March 2024, departed abruptly in July after less than a year amid tensions over strategic direction and platform performance.
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Tata Sons will leverage its dividend income from TCS for the investment in Tata Digital and is unlikely to dilute any stake in TCS, sources said.
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Apart from Flipkart, Amazon, Tata Neu is new and young so it will hopefully scale, Menon said.
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In his first ‘Neu Huddle’ with employees across three cities, Tata Digital CEO Naveen Tahilyani congratulated the team about their achievements in FY24 such as improving the Tata Neu app’s user ratings and driving the growth of its loyalty programme.
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The idea behind the entry into food ordering is to develop a ‘high-frequency use case’ to bring consumers back to the Tata Neu app regularly
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Discount-centric strategies, favoured by some of the Tata 1mg’s rivals, are unsustainable in the long term, co-founder Gaurav Agarwal said
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Tata Neu, positioned as a 'super app', faces hurdles like stagnant user growth and low engagement, according to insiders.
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Tapping an insurance veteran to lead a company that operates in a fierce internet battleground may seem unconventional, but those familiar with Tahilyani see it as an inspired choice.
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Naveen Tahilyani, who is currently the CEO and Managing Director of Tata AIA Life Insurance Company, will be the new chief executive and will replace Pal on February 19.
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The Tata Group’s super app sees food ordering as a high-frequency use case that will bring consumers back to the platform regularly.
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While Pavan Podila has spent over two-and-a-half years at Tata Digital, Samir Aksekar has spent close to three years at the company.
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Tata Sons plans to use part of the funds to deleverage the company balance sheet and also infuse fresh equity in units that are loss-making and need constant liquidity.
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India’s first super app has had more than a few false starts. The latest user experience improvements are a step in the right direction, but it still has a long way to go.
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Our specially curated package of the most interesting articles to help you stay at the top of your game.
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Tata Digital wants to balance unit economics and growth simultaneously, according to a person directly involved.
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The co-branded cards are aimed at fans of Tata brands, offering maximum benefits to users of the Tata Neu app for shopping.
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Tata Digital has already got board clearance to receive investment of Rs 3,462 crore over two instalments from Tata Sons.
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Banerjjee has earlier worked with Accenture and Infosys and also worked at Venda, one of the enterprises built by Rezolve’s Chairman and CEO, Dan Wagner, which was sold to Oracle in 2014.
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Prior to joining Neu in 2019, Banerjjee worked as the CTO of Tata Cliq. He joined the group in 2016 and extensively worked with TCS.
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Based on the GMV of key categories on Tata Neu, JM Financial believes the value of Tata Digital "could be upwards of $15 billion".
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This comes at a time when quick commerce is seeing increasing competition. With Zomato, Swiggy, Zepto doubling down on its delivery services, the sector has been one of the most watched out space
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While company executives did not share a specific timeline for express deliveries, Tata Neu plans to leverage their supply chain capabilities which will be available across all its categories
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Tata's top boss N Chandrasekaran outlined the core philosophy of the conglomerate's biggest digital bet which seeks to simplify the lives of the Indian consumers by saving time and providing omnichannel services with a formidable physical footprint. Ashwin Mohan gets you a wrap of the top management commentary.
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Tata Digital had last week launched its much-anticipated app Tata Neu, which houses several top Tata brands such as Tata Croma, AirAsia, and BigBasket.
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Tata Neu is a key part of the 154-year-old Tata Group's plan to take on established giants such as Amazon, Walmart's Flipkart, and Jio Platforms.
