In China, homegrown stores like Taobao, Tmall and JD.com have an unshakable dominance in online retail. But now, the only other billion-people-plus opportunity open to American capital is also slipping away from its grasp.

Tata Digital is actively wooing investors as its holding company, Tata Sons, is understood to have indicated a limit on the funds it can disburse for the capital-intensive digital business.

Amazon attempts to do Whole Foods-style online grocery delivery in India. Investors seek clarity on Tata super app before investing. Big Tech firms face the threat of double taxation in India and elsewhere.

Just Dial has called for a board meeting on Friday July 16 to “evaluate” fund raising proposals. A formal announcement is expected today.

The board is understood to have sought an update on the speed of execution and strategy post acquisition of online grocer BigBasket and online pharmacy 1mg over the last two months.

Having struck back-to-back deals to boost its consumer internet play through acquisitions such as BigBasket, 1mg and Cultfit (which is currently a minority investment), the Tata Group is piecing together its first major foray into a new business area after its entry into the aviation sector in 2013.

Addressing shareholders at the companys virtual annual general meeting, Chandrasekaran, who is also the chairman of Tata Sons, the holding company of the Tata group, said TCPL will continue the expansion of the Starbucks coffee chain in India despite a hit in revenue after the pandemic, said.

In todays ETtech Morning Dispatch: Tata Digital plans $2.5 billion fundraising to take on Amazon, Flipkart and Reliance. Govt proposes big changes for e-commerce firmsin India. Is PUBG Battlegrounds Mobile India sending data to China?

Tata Sons chairman N. Chandrasekaran visited the US in May and is learnt to have met investors to showcase the group’s foray into e-commerce via Tata Digital. The Tata super app, meanwhile, is lilkely to be launched in Bengaluru in September.

After bolstering its e-commerce offerings by acquiring BigBasket and 1mg, Tata Digital wants to offer financial services—including credit, insurance, and mutual funds—on its upcoming super app by way of a neobank.

In todays ETtech Morning Dispatch, Tata Digital to add neobank to its super app, Indias cryptocurrency industry attracts foreign funds, Satya Nadella named Microsoft chairman, and UP Police says its getting a lot of complaints against Twitter.

Tata Digital, a wholly owned subsidiary of Indias largest conglomerate, wrapped up two startup deals this week, while Indian SaaS startups clocked the biggest funding rounds.

In todays ETtech Morning Dispatch: Tata Digital is eyeing a stake in Curefit for its SuperApp play and Government of India seeks response from Facebook, WhatsApp and Twitter on compliance with new internet rules.

The $1.2-billion Tata-BigBasket deal was formally signed in early February, giving the conglomerate 60-63% stake in the online grocer, which will be its main gateway into the online consumer space.

With the SuperApp, Tata Digital seeks to bring all the Tata Group consumer businesses on one platform. Tata Digital decided to acquire Big Basket after its discussions to aggressively scale up Starquik, the online platform of Trent-owned grocery chain Starbazaar, for the SuperApp plan did not work out, people close to the group said, speaking on the condition of anonymity.

Tata Digital seeks to bring all the Tata Group consumer businesses on one platform. Tata Digital decided to acquire Big Basket after its discussions to aggressively scale up Starquik, the online platform of Trent-owned grocery chain Starbazaar, for the SuperApp plan did not work out.

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