Thursday, December 26, 2024

Tata Sons may infuse fresh funds into ecomm arm only by mid-2025

Tata Sons plans to infuse capital into its ecommerce business, Tata Digital, only by mid-2025, with a focus on internal funding and debt until then. The strategy emphasizes growth, better execution, and sustainable profitability, with BigBasket eyeing an IPO and significant growth in standalone revenues for FY24.

from Tech-Economic Times https://ift.tt/RlVQ1MD

No comments:

Post a Comment

Elon Musk's Tesla, SpaceX launch Terafab chips project; here's all you need to know

The project envisages setting up space-based AI computing, enabled by solar-powered satellites that could host data centres in orbit. From 1...