Tata Digital Loss Widens Over 5X to INR 3,052 Cr In FY22, Revenue At Over INR 16,000 Cr
India, Sept. 30 -- Tata Digital, the new-age vertical of the Tata Group which houses its ecommerce business, saw its consolidated net loss widen 5.6X to INR 3,052 Cr in financial year 2021-22 (FY22) from INR 536.7 Cr in FY21.
Tata Digital, which holds majority stakes in unicorn startups such as Tata 1mg and BigBasket, saw its total income jump 3X to INR 16,201 Cr during the year from INR 5,463.3 Cr in FY21. Similarly, its expenses jumped to INR 19,316.3 Cr in FY22 from INR 6,069.4 Cr in FY21.
Tata Digital's consolidated financial statements include its subsidiaries - Tata Digital Private Limited, BigBasket, Tata 1Mg, Croma, Tata Payments Limited, Protraviny Private Limited, and Tata Fintech Private Limited.
Operating Revenue Rises On A...
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