🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Tata Cliq struggles as losses rise after exit from key categories
Economic Times
·
2y ago
Medial
Tata CLiQ, the e-commerce platform, reports a 16% increase in net losses to Rs 875 crore. The company is facing financial challenges, with rising losses indicating operational difficulties. Despite being backed by the Tata Group, the e-commerce venture is struggling to achieve profitability, reflecting the competitive landscape and potential hurdles in the Indian e-commerce sector.
View Source
Related News
Tata Sons Stalls Fresh Investments Into Its Ecommerce, Electronics Ventures : Report
Inc42
·
1y ago
Medial
Tata Digital, the holding company for Tata Group's ecommerce businesses, has reportedly invested around INR 19,000 Cr so far. However, in FY23, the combined losses of Tata Digital's key businesses, including Croma, Tata Cliq, and BigBasket, increased to over INR 4,700 Cr from INR 3,130 Cr in FY22. In response, the newly appointed CEO, Naveen Tahiliani, has implemented measures to manage costs more effectively.
View Source
Nykaa sues former executive Asthana who now heads Tata Cliq
Economic Times
·
11m ago
Medial
Nykaa, a beauty and fashion product retailer, has filed a lawsuit against its former chief business officer, Gopal Asthana, who now heads Tata Digital's fashion business, Tata Cliq. Nykaa accuses Asthana of breaching confidentiality, misappropriating proprietary data, and attempting to harm its business by recruiting Nykaa employees to join Tata Cliq. Nykaa is seeking a refund of employee stock option benefits and damages amounting to Rs 24 crore. The Bombay High Court has ordered Asthana to refrain from hiring Nykaa executives for Tata Cliq. Both Nykaa and Tata Cliq have not commented on the matter.
View Source
Tata Digital trims losses by 31% in FY25; Croma, 1MG biggest contributors to top-line
YourStory
·
15d ago
Medial
Tata Digital reduced its losses by 31% in FY25 to Rs 828 crore, with brands like Tata 1mg and Croma boosting revenues. Despite sluggish revenue growth, Croma emerged as the top revenue generator, while BigBasket faced challenges due to competition. Supermarket Grocery, BigBasket’s B2B arm, also saw a 7% revenue decline. Tata 1mg’s revenue increased by 36%, while Tata Cliq improved its turnover by 19%. Tata Sons invested an additional Rs 1,965 crore in Tata Digital.
View Source
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.
View Source
Tata Digital stitching ‘value fashion’ plan under its Cliq brand
Economic Times
·
1y ago
Medial
Tata Digital, the ecommerce arm of the Tata Group, is looking to strengthen its value fashion offering on its platform Tata Cliq to compete with larger players like Flipkart, Amazon India, and Reliance Ajio. While Tata Cliq has a mass-affluent positioning, it is in talks with various brands to enhance its value-for-money offerings. The company is considering partnerships with global and Indian brands to match the breadth of offerings from its competitors. Tata Group's value fashion chain, Zudio, will not be onboarded on Tata Digital's super app Neu at present.
View Source
Tatas to enter red-hot quick commerce space with ‘Neu Flash’
Economic Times
·
9m ago
Medial
Tata Group's ecommerce venture Neu is set to enter the quick commerce segment with Neu Flash, offering ultra-fast delivery for grocery, electronics, and fashion products. This move comes as consumer demand continues to rise in metro areas. Neu Flash will be powered by partners like BigBasket for groceries, Croma for electronics, and Tata Cliq for fashion and lifestyle products. Quick commerce is disrupting the retail industry, with players like Zomato-owned Blinkit, Swiggy Instamart, and Zepto leading the market. Tata Digital aims to tap into the online shopping trend while being cautious about heavy spending on consumer incentives.
View Source
Zepto VP Jitendra Bagga Exits In Less Than A Year
Inc42
·
7m ago
Medial
Jitendra Bagga has resigned as Vice President of Central Operations at Zepto after just nine months. His departure comes amid the company's aggressive expansion, which has seen its dark store count rise from 300 to over 750. Bagga, who oversaw key warehousing projects, left during a critical transition as Zepto relocates its headquarters from Mumbai to Bengaluru. This exit follows that of the Chief Human Resource Officer, highlighting ongoing leadership changes as Zepto prepares for a public market debut in 2025.
View Source
Myntra secures $54 million fund infusion from parent Flipkart
Economic Times
·
1y ago
Medial
Flipkart-owned online fashion platform Myntra has received a $54 million investment from Flipkart, its second investment in a year. Myntra has been facing stiff competition from rivals such as Ajio and Tata Cliq. The company has been focusing on expanding its portfolio of international brands, with premium offerings showing strong growth. However, a research note by Bernstein revealed that while Myntra has a 55% market share in the fashion e-commerce segment, users on its app are not transacting as much as before. Flipkart's investment in Myntra comes after parent company Walmart committed $600 million to Flipkart.
View Source
ETtech Exclusive: Naveen Tahilyani steps down as Tata Digital CEO after just a year at the helm
Economic Times
·
2m ago
Medial
Naveen Tahilyani has resigned as Tata Digital CEO after just a year, highlighting the Tata group's leadership challenges in their digital sector. Under his brief tenure, the company aimed to revamp its digital strategy, focusing on Tata-owned brands and coherence among its portfolio, including Croma and BigBasket. Tahilyani, who had succeeded Pratik Pal, is expected to assume an overseas role within the Tata group. His departure adds to Tata's ongoing digital transformation struggles.
View Source
Trent expands into beauty retail with new Zudio format: Report
Money Control
·
10m ago
Medial
- Trent Ltd, a subsidiary of Tata Group, has entered the mass-priced beauty segment with the launch of its new standalone store format, Zudio Beauty. - Zudio Beauty will directly compete with established players such as Hindustan Unilever's Elle18, Sugar Cosmetics, Health & Glow, and Colorbar. - Trent Ltd previously ventured into the high-end cosmetics space with Tata Cliq Palette stores and also founded India's first beauty brand, Lakme. - This expansion into the affordable beauty space taps into a growing market segment, as most competitors focus on premium and luxury categories. - The first Zudio Beauty store has already opened in Bengaluru, with plans to expand to other major cities like Gurugram, Pune, and Hyderabad. - Trent's Zudio brand has been a significant contributor to the company's growth, surpassing Westside in revenue and now accounting for over a third of Trent's total revenue.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
