Tata Group Mulls Injecting $2 Billion Into Super-App Venture
- Tata Digital to get the funding over two years if it proceeds
- Super app Tata Neu ran into tech glitches after April launch
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Tata Group is considering injecting another $2 billion of fresh capital into its super app venture as the salt-to-software conglomerate seeks to bolster its digital business, according to people familiar with the matter.
Tata Digital Pvt. will receive the additional funding over two years should a deal proceed, the people said. The fresh capital could help online platform Tata Neu, which went live last April, to strengthen its digital offerings, fix technical glitches and meet any new spending needs, one of the people said.