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Tata Cliq continues to bleed; Ola's valuation trimmed to $3.5 billion

Smoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and runs Tata Cliq, saw its net losses rise in double digits and turnover drop more than 50% in fiscal 2022-23. The exit from certain categories of electronics is the reason behind the drop in revenues, per the companys filings. But how about the rise in losses? This and much more in todays ETtech Morning Dispatch. ....

David Kempner , Mohit Yadav , Tata Cliq , Bhavish Aggarwal , Arpit Agarwal , Amit Jaju , Gopal Asthana , Pankaj Chaudhary , Tata Neu , Lidiane Jones , Vikas Purohit , Davidson Kempner , Tata Unistore , Ankura Consulting Group , Tata Unistore Ltd , Vanguard Group , Tata Group , Fidelity Investments , Aakash Educational Services , Exchange Commission , Payu India , Nykaa Fashion , Rajya Sabha , Davidson Kempner Capital Management , Citrus Payments , Blume Ventures ,

tata cliq losses: Tatas' first ecommerce platform struggles to click as losses rise after exit from key categories

In the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platforms exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up the business. ....

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Tata Cliq Losses: Tata Cliq struggles as losses rise after exit from key categories, ET Retail

Tata Cliq Losses: In the filings to the Registrar of Companies (RoC) made on July 25, Tata UniStore attributed the drop in turnover to the platform’s exit from certain categories of electronics, and said the loss increased as it continued to invest in scaling up the business. ....

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tata cliq: Tata's first ecommerce platform struggles to click as losses rise after exit from key categories

tata cliq: Tata's first ecommerce platform struggles to click as losses rise after exit from key categories
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Ankur Verma , Pratik Pal , Tata Cliq , Mohit Yadav , Tata Unistore , Tata Neu , Tata Group , Registrar Of Companies , Ecomm Platform Struggles , Losses Rise , Tata Cliq Palette , Tata Digital , Tata Sons ,