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Tata Group Invests 2 billion Dollars into Super-App Tata Neu

Published on March 23, 2023
Current Context: Tata Neu is an application that lets the users to do grocery and other shopping and also order plane tickets from the brands under the Tata consumers. Tata will invest 2 billion dollars in the application.
Tata Group Invests 2 billion Dollars into Super-App Tata Neu
  • Tata digital private limited, in 2 years will receive the additional funding. Tata Neu was onboard on April, 2020 and with this funding from Tata, it will be able to extend its functions.
  • Tata group as well as Tata Digital will co-operate in increasing the facilities in the application.
  • Tata Neu is India’s first super app which was modeled in China but it suffered technical glitches and customer complaints soon after its launch last year. Capitals from e-commerce platform such as Amazon and Walmart are also received for the app. Reliance industries and Adani industries will roll out their own applications in the future.
  • Tata Neu allows users to buy groceries and gadgets as well as reserve airplane tickets and restaurants from brands under Tata. The app provides premium services for members and also financial advantages.
  • The super app will increase its sales of about 4 billion dollars in the year to March 31, comparing to $8 billion target set at 2022.
  • Tata Group has claimed e-commerce platform, Bigbasket and 1mg applications to support its e-commerce portfolio. Until now, it has invested more than $2 billion since inception. Tata Sons is the group’s holding company.

Question :

Q.1 _________ is India’s first super app launched by the tata company.
a. Tata neu
b. Tata new
c. Tata red
d. Tata consume

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