The $103 billion Tata Group has rolled out its long-awaited all-in-one e-commerce app, allowing users to buy everything from apparel to airline tickets, as the sprawling Indian conglomerate vies for a piece of the fiercely competitive sector currently dominated by Amazon, Walmart and Reliance Industries.
Mumbai-based Tata's digital services platform Tata Neu, which went live to consumers on Thursday, will have in-house brands including Croma, Westside, AirAsia India, the Taj chain of luxury hotels and BigBasket, according to the group’s website.
Described as a “super-app” and in the pipeline since at least mid-2020, the website calls it “a unified platform that connects several brands across the Tata universe like never before”.
The 154-year-old Tata Group, which makes luxury cars, lorries, air conditioners, smartwatches and tea, besides operating luxury hotels, airlines, utilities, departmental stores and the local Starbucks franchise, wants to leverage the diversity of its products and services to lure buyers in a country of almost 1.4 billion people, who are increasingly shopping online.
India’s e-retail segment is expected to be worth as much as $140 billion by March 2026, Bain & Co estimates, and is the only large consumer market still open to foreign companies, making it a prize fight for global and local retail firms.
“Tata Neu is an exciting platform that gathers all our brands into one powerful app,” Natarajan Chandrasekaran, chairman of the main holding company. Tata Sons, said in a statement on LinkedIn.
Airlines Vistara and the newly acquired Air India, watch maker Titan, jewellery brand Tanishq and car maker Tata Motors are some of the other Tata Group firms that are expected to join Neu soon, he said.
The all-in-one app also has a loyalty programme for retaining customers. Each brand on Tata Neu is “connected by a common reward called NeuCoins, which can be earned across all brands online and at physical locations and can be used similarly as well”, according to the website.
The e-commerce project was closely overseen by Mr Chandrasekaran who has been championing the group's digitisation drive.
Pratik Pal, chief executive at Tata Digital, which developed Tata Neu, has helped with digital transformation at some of the world’s largest retail chains, including Walmart, Tesco, Target, Best Buy and Marks & Spencer.
Tata Neu is expected to give more firepower to the Indian conglomerate against entrenched rivals such as Amazon, billionaire Mukesh Ambani’s Reliance and Walmart-owned Flipkart.
Tata Group, founded by Jamsetji Tata in 1868, has 29 listed companies across 10 sectors, including steel, cars, technology, consumer retail, infrastructure, financial services, trading, defence, travel and tourism.
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Wicked: For Good
Director: Jon M Chu
Starring: Ariana Grande, Cynthia Erivo, Jonathan Bailey, Jeff Goldblum, Michelle Yeoh, Ethan Slater
Rating: 4/5
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Abu Dhabi GP schedule
Friday: First practice - 1pm; Second practice - 5pm
Saturday: Final practice - 2pm; Qualifying - 5pm
Sunday: Etihad Airways Abu Dhabi Grand Prix (55 laps) - 5.10pm
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Ziina users can donate to relief efforts in Beirut
Ziina users will be able to use the app to help relief efforts in Beirut, which has been left reeling after an August blast caused an estimated $15 billion in damage and left thousands homeless. Ziina has partnered with the United Nations High Commissioner for Refugees to raise money for the Lebanese capital, co-founder Faisal Toukan says. “As of October 1, the UNHCR has the first certified badge on Ziina and is automatically part of user's top friends' list during this campaign. Users can now donate any amount to the Beirut relief with two clicks. The money raised will go towards rebuilding houses for the families that were impacted by the explosion.”
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Dos
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Too much or too little blood sugar can result in an attack where sufferers lose consciousness in serious cases.
Being overweight or obese increases the chances of developing the more common type 2 diabetes.
THE CLOWN OF GAZA
Director: Abdulrahman Sabbah
Starring: Alaa Meqdad
Rating: 4/5
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
MATCH DETAILS
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The specs
Engine: 2.0-litre 4-cylinder turbo
Power: 240hp at 5,500rpm
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UAE currency: the story behind the money in your pockets