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News on Medial
Old guard is out as Tata Digital’s new CEO revamps deck
Economic Times
·
1y ago
Medial
Tata Digital is undergoing organizational changes with a number of senior management exits and a shift in focus under new CEO Naveen Tahilyani. Executives including Modan Saha, Bhanu Pathak, Shoumyan Biswas, Gaurav Porwal, and Amit Golia have resigned or moved back to Tata Sons. Tata Digital has also decided to shelve plans to bring non-Tata brands onto its Neu superapp. The focus now is expected to be on the company's fintech vertical, with plans to invest $1 billion. The company's payment solution, Tata Pay, has struggled to gain traction in the market.
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Related News
Tata chose startups more on ‘intuition’, less on numbers
Livemint
·
10m ago
Medial
- Ratan Tata created a pitch deck for entrepreneurs to tap investors within a month of joining Instagram in December 2019. - The 16-slide deck advised founders on elements such as the core problem, unique selling proposition, validation with data, competitive information, revenue model, and team details. - Getting funded by RNT Associates, Tata's personal investment vehicle, was considered a badge of credibility in the years between 2012 and 2016. - Despite his vast wealth, Tata made relatively small investments in startups, often relying on intuition rather than numbers when selecting investments. - Tata's advice to founders included thinking long-term, prioritizing the customer, and building lifetime relationships rather than focusing on single transactions. - Besides investing in startups, Tata also acted as an adviser to venture capital firms such as Chiratae Ventures, Jungle Ventures, and Kalaari Capital.
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Tata hails Uber to drive Neu traffic
Economic Times
·
1y ago
Medial
Tata Group is reportedly in talks with Uber to establish a strategic partnership aimed at boosting traffic and engagement on Tata's digital platform. The collaboration could involve integrating Uber's services as an anchor app within the Tata Neu ecosystem. Tata Neu has faced challenges in user growth and customer engagement. Uber CEO Dara Khosrowshahi and Tata Sons chairman N Chandrasekaran are expected to discuss the potential alliance during Khosrowshahi's upcoming trip to India. The terms of engagement are still being worked out. Tata Digital denied ongoing talks, while Uber did not respond.
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bigbasket revamps slotted delivery service to make it faster
Thehindubusinessline
·
1y ago
Medial
Tata Group-backed bigbasket has rebranded its slotted delivery service as "bigbasket supersaver." The service, which contributes significantly to the company's revenues, focuses on delivering groceries within two hours. The company plans to further enhance efficiency, aiming to deliver products within one hour in the next three to six months. Bigbasket supersaver has been launched in over 40 cities and will be expanded to cover all cities by mid-March. The revamped service offers a wider range of products at lower prices compared to its instant grocery and subscription-based services.
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BYJU’S Slashes Product Prices, Revamps Sales Model
Inc42
·
1y ago
Medial
Indian edtech company BYJU'S has reportedly slashed prices and revamped its sales model amidst ongoing financial and legal challenges. The annual subscription for BYJU'S Learning App has been reduced to INR 12,000, while offline BYJU'S Tuition Centres courses are priced at INR 36,000 per year. BYJU'S CEO, Byju Raveendran, introduced a new sales strategy that links team salaries to weekly revenue generation. The company aims to have a workforce of 50,000 salespeople by next year. BYJU'S has faced a debt crisis, cash crunch, and legal cases, prompting these changes.
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Tata Digital appoints Naveen Tahilyani as CEO, replacing Pratik Pal
Economic Times
·
1y ago
Medial
Tata Digital has appointed Naveen Tahilyani as CEO and managing director, replacing Pratik Pal. Tahilyani, currently serving as CEO and MD of Tata AIA Life Insurance, will assume his new role on February 19. The move comes with a mandate to drive Tata Digital's ecommerce unit. Pal will remain at Tata Digital to contribute his experience to the firm, but his exact role has not been specified. Tahilyani was chosen by Tata Sons Chairman N Chandrasekaran for his successful track record in the insurance, banking, and asset management sectors.
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Tata AIA Life appoints Venkatachalam H as CEO & MD
Livemint
·
1y ago
Medial
Tata AIA Life Insurance has announced the appointment of Venkatachalam H as its new CEO and MD. He will succeed Naveen Tahilyani, who will continue as a non-executive director of the company. Venkatachalam joined Tata AIA in 2016 and previously served as the President and Chief Distribution Officer.
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Tata Sons to invest $1 billion more in digital arm
Economic Times
·
1y ago
Medial
Tata Sons plans to invest $1 billion in Tata Digital over the next few years. The investment comes as Tata Digital reviews its digital strategy with the appointment of a new CEO and puts a pause on external fundraising for its ecommerce entity, Tata Neu. Tata Digital has already received over $2 billion in funding from Tata Sons for Neu, and the company will focus on execution and scale before seeking external investors. The superapp is integrating Air India and will prioritize scaling its fintech vertical. Profitability and addressing customer complaints are key areas of focus.
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Tata Electronics appoints KC Ang as president and head of Tata Semiconductor Manufacturing
Economic Times
·
4m ago
Medial
Tata Electronics has appointed KC Ang as President and Head of Tata Semiconductor Manufacturing. With over 30 years of experience in the foundry industry, Ang will spearhead the company's foundry operations, reporting to CEO Randhir Thakur. Previously with Global Foundries, Ang is expected to drive Tata Electronics' growth in the semiconductor sector. Ang, who holds degrees in engineering from National Taiwan University and the University of Texas, brings extensive global experience to his new role.
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Tata Digital explores operational integration
Economic Times
·
1y ago
Medial
Tata Digital is considering integrating the operational structures of its key assets, including BigBasket, 1mg, and Tata Cliq, to streamline operations and improve market responsiveness. BigBasket is also seeking funding of up to $100 million from parent company Tata Sons. Similarly, 1mg is expected to receive financial support. Tata Digital plans to consolidate its standalone apps under the Tata Neu app to increase consumer engagement and operational efficiency. The company aims to address slower-than-expected growth by appointing a new CEO, Naveen Tahilyani.
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TCS working with Tata Electronics to build first made-in-India chips
Livemint
·
10m ago
Medial
Tata Consultancy Services (TCS) and Tata Electronics are collaborating to develop indigenous chips for India by 2026. TCS will leverage its expertise in semiconductor design and engineering, as well as software and intellectual property-driven products, while Tata Electronics is constructing two chip facilities in Gujarat and Assam. The first chip is expected to be rolled out in late 2025 or early 2026. TCS's involvement in the semiconductor push, combined with its core capabilities, positions it well to benefit from India's semiconductor rush.
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