Summary: Tata Group is considering a $1 billion investment in its super app Tata Neu to enhance its digital business, according to sources. Talks are underway and details of the deal could change.
India’s Tata Group is reportedly planning to invest $1 billion into its super app Tata Neu to bolster its digital operations. The capital infusion is expected to take place in 2024, although discussions are still ongoing and terms may be subject to change. Tata Neu, launched in April 2022, aims to provide various services on a single platform, ranging from apparel to airline tickets. The conglomerate had previously invested $2 billion to enhance the platform’s digital offerings. Tata Group has not yet responded to media inquiries regarding the matter.
Tags: Tata Group, investment, super app, Tata Neu, digital business