Ratan Tata is known face of philanthropy and also known for his avid interest in early-stage startup funding. The way former chairman of Tata Sons has acquired the UK's Corus, Singapore's Nate Steel, tea giant Tetley and Jaguar Land-Rover two decades ago, the entire world industry was in turmoil. In the same way his successor N. Chandrasekaran seems to be making tremendous inroads into the digital business.
Natarajan Chandrasekaran is chairman of Tata Sons, the holding company of Tata Group.
He bought a major stake in online grocer BigBasket in late May, then took online fitness company CureFit and now online pharma company 1MG in this month. Now it is being told that Tata Group is going to buy online delivery company Dunzo.
Ratan Tata had established the Tata group globally, so now Chandrasekaran is going to make a splash in the digital business. Thanks to these companies, the Tata group can move towards becoming a super app.
At present, there are only a few super apps, which interfere with shopping, food, grocery, service etc. But the way Tata is planning to get a grip on this digital business, the day will not be far when Ali-Pay of China, Grab, and Gojek of Indonesia are left behind. Grab also plans to acquire or merge a larger project worth $40 billion by the end of this year. The owner of WeChat had a valuation of around $1 trillion earlier this year, which has swelled to nearly $700 billion.
Ratan Tata had established the Tata group globally, so now Chandrasekaran is going to make a splash in the digital business. Thanks to these companies, the Tata group can move towards becoming a super app.
At present, there are only a few super apps, which interfere with shopping, food, grocery, service etc. But the way Tata is planning to get a grip on this digital business, the day will not be far when Ali-Pay of China, Grab, and Gojek of Indonesia are left behind. Grab also plans to acquire or merge a larger project worth $40 billion by the end of this year. The owner of WeChat had a valuation of around $1 trillion earlier this year, which has swelled to nearly $700 billion.
At the same time, Tata Consultancy Services (TCS), Tata's largest company, has a market capitalization of $170 billion.
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