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TATA UNISTORE
Tata Cliq FY24 revenue falls on exiting electronics category, loss narrowsTata Cliq, rebranded as Tata Cliq Fashion, saw a 42% sales drop in FY24, reaching Rs 247 crore, following its exit from the electronics cat...- Tata Sons hits pause on fresh funds till e-commerce, electronics businesses shape up"There is a strategic reason for not making any equity infusion even as organisational changes are being made," said one of the persons. "H...
- Tata Cliq continues to bleed; Ola’s valuation trimmed to $3.5 billionSmoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and ...
- Tata Cliq struggles as losses rise after exit from key categoriesIn the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit fr...
- Tata's first ecommerce platform struggles to click as losses rise after exit from key categoriesThe Tata Group is continuing to burn money on its first ecommerce platform, Tata Cliq. Tata UniStore, which owns and runs Tata Cliq, posted...
- Tatas bring all ecommerce ventures under digital businessThe group last week increased the authorised share capital of Tata Digital by Rs 1,000 crore to Rs 21,000 crore and infused Rs 750 crore in...
- Startups laid off 18,000 employees in 2022; Udaan, Ola, Oyo saw the most senior-level exitsThis time last year, India’s startup ecosystem was counting unicorns. Now, it’s tallying layoffs. According to data compiled for us by Long...
- Edtech firms in a tight spot; TCS’ Gopinathan says 2023 will bring ‘balance’Edtech firms are expected to move away from the K-12 business model in the coming year. They are also expected to focus on things like expa...
- Tatas infuse Rs 1,600 crore capital into ecommerce business Tata CliqTata UniStore’s filings with the Registrar of Companies (RoC) shows the Rs 1600 capital infusion was approved by the company’s board on Nov...
- Tata Cliq CEO Vikas Purohit quitsPurohit had joined Tata Cliq in November 2016 and has huge experience in the e-commerce and fashion retail market.After a two-year stint at...
- Tata Cliq to be integrated with Tata Neu, exits electronics businessTata Cliq has exited the consumer electronics category, which formed 50-55% of its business, and its consumer electronics, smartphones and ...
- Big on ecommerce, Tatas pour money into digital businessesTata Digital has received Rs 5,025 crore till now this fiscal. This company has now become the flagship ecommerce entity of the group with ...
- Tata Digital gets Rs-10,000 crore capital boost from parentTata Digital is acquiring a 64.3% stake in e-grocer BigBasket for about $1.2 billion and is spearheading the launch of a SuperApp that will...
- Tata Digital’s acquisitions and investment limit set at Rs 12,000 croreTata Digital is waiting for the Competition Commission of India’s approval for its deal to acquire a 64.3% stake in e-grocer BigBasket. The...
- Tatas plan to infuse Rs 3,500 crore in Tata CliqThis fiscal, till now, Tata UniStore has raised only Rs 30 crore from its parent last April against Rs 311 crore in FY20, Rs 292 crore in F...
- Tata Group invests Rs 1,150 crore in consumer operations in Q1Trent gets lion’s share of Rs 950 cr while Infiniti Retail, Voltbek and UniStore share the rest.
- With Reliance planning entry and Amazon & Flipkart spending big, CLiQ may lag: AnalystsInvestment by Tatas into Tata CLiQ pales in comparison to Amazon and Walmart-owned Flipkart.
- Tata CLiQ takes on bigger rivals with big discountsThe move is a departure from its approach of minimal discounts and keeping prices of most products at par with brick-and-mortar stores, thr...
- Tata CLiQ to launch e-wallet in 4-5 monthsTata CliQ will soon launch newer categories like jewellery, home furnishing and furniture. However, FMCG is not in the pipeline as yet, sai...
- Harish Bhat & Puneet Chhatwal tipped for Indian Hotels’ top jobAn alumnus of BITS Pilani and IIM-Ahmedabad, Bhat joined the Tatas in 1987 and replaced ousted Tata Sons chairman Cyrus Mistry as TGB chair...
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