Tata Sons may infuse fresh funds into ecomm arm only by mid-2025
capital into its ecommerce business, Tata Digital, only in mid-2025. Until then, the new commerce entity will have to rely on internal funding and debt financing to fuel growth, officials familiar with the matter told ET.
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The mandate for all business heads is to focus on growth after the company's new CEO, Naveen Tahilyani, implemented tighter spending controls and emphasised better execution, accountability, and return on capital (ROC) employed.
Aggressive Push
Tata Neu is now aggressively leveraging a data-driven strategy to tap every consumer access point within the system, including partnerships with external entities, officials said. As part of this strategy, most of the new funding for BigBasket and 1mg is being secured through debt rather than fresh equity infusion. Tata Sons has invested over $2 billion in Tata Digital's super app to date.
ET had reported earlier about financing plans of egrocer BigBasket and epharmacy 1mg.
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