TataNeu could be worth $15 billion all thanks to BigBasket
TataNeu may be worth $15 billion as a result of BigBasket, Croma, and Westside. TataNeu might be worth $15 billion if it achieves $20 billion in sales by the end of this decade. This estimate was made by JM Financial based on the gross merchandise value (GMV) of major categories on the super-app.
TataNeu might be worth $15 billion if it achieves $20 billion in sales by the end of this decade. This estimate was made by JM Financial based on the gross merchandise value (GMV) of major categories on the super-app.
The company’s GMV is approximately over 16,000 crore ($2 billion).
According to a study by Indian financial services business JM Financial, Tata Digital’s super-app TataNeu, which unifies all of its digital services and applications on one platform, might be worth $15 billion.
This might be a natural progression for the steel-to-tech-to-auto behemoth, which also includes retail outlets like Westside and Croma, FMCG brands ranging from tea to salt, and the grocery delivery service BigBasket.
“We feel there is significant potential in the Tata ecosystem that Tata Digital can assist in unlocking.” “Based on the gross merchandise value of major categories on Tata Neu, we anticipate the value of Tata Digital may be in the $15 billion range,” the company noted.
A daring undertaking
In fact, the research compares it to Walmart’s e-commerce pivot — and can successfully use online and offline shopping experiences — something that Amazon and Jio are also doing. However, it is not without danger.
“While Tata is checking all the correct boxes in their digital transition, the sheer magnitude of this move makes it an ambitious undertaking.” “Drawing from Walmart’s e-commerce shift, we believe Tata will require persistent investments in this market to succeed,” the research stated.
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According to a study by Indian financial services business JM Financial, Tata Digital’s super-app TataNeu, which unifies all of its digital services and applications on one platform, might be worth $15 billion.
This might be a natural progression for the steel-to-tech-to-auto behemoth, which also includes retail outlets like Westside and Croma, FMCG brands ranging from tea to salt, and the grocery delivery service BigBasket.
“We feel there is significant potential in the Tata ecosystem that Tata Digital can assist in unlocking.” “Based on the gross merchandise value of major categories on Tata Neu, we anticipate the value of Tata Digital may be in the $15 billion range,” the company noted.
More services – from travel to food and more
JM Financial has also given little value to Tata Pay, its own UPI technology, and other TataNeu bubble areas such as food and travel. It anticipates that the company’s valuation will change when new goods and services are introduced.
Existing companies such as Vistara, Air India, Tanishq, Titan, and others are yet to be added to the super app by Tata Digital.
“However, one thing is clear. “There is a lot of value inside the Tata group that Tata Digital can help uncover if implemented successfully,” according to the research.
