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ETtech Profile picture
@ETtech
Jun 5 • 5 tweets • 2 min read Twitter logo Read on Twitter
🚨#Tata Sons has invested more than $2 billion in super app #TataNeu, which has seen a surge in business after being reworked in time for the just-concluded Indian Premier League (IPL), Tata Digital CEO Pratik Pal told ET in an interview.
The app, which completed a year on April 7, was given a new design as well as improved navigation and payment systems, resulting in its best growth phase on all counts, including revenue, said Pal, who was appointed Tata Digital #CEO in 2019.
“The app had over one million seconds of on-screen visibility through on-ground branding and around 110 million campaign reach with 13 million installs and 75 million visits during the IPL,” Pal said in his first interview as Tata Digital CEO.
Image
Read the complete interview here 👇

Invested more than $2 billion in Neu; app revamp has paid off: Tata Digital CEO

By @Kala_ET

Read more at:
economictimes.indiatimes.com/tech/technolog…

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More from @ETtech

ETtech Profile picture
Jun 7
📣📣 OpenAI CEO @sama will be in conversation with @satyan, vice chairman, Times Internet, hosted by @EconomicTimes, to discuss the impact of AI on businesses, jobs, and society at large.

To watch the conversation live, click here👇

Image
@sama @satyan @EconomicTimes The launch of ChatGPT — owned by the Sam Altman-helmed OpenAI, a company dedicated to research and deployment of AI — in November 2022 is widely reckoned to be a pivotal moment in the AI revolution

economictimes.indiatimes.com/tech/technolog…
@sama @satyan @EconomicTimes Follow live updates about the conversation here

economictimes.indiatimes.com/news/newsblogs…
Read 59 tweets
ETtech Profile picture
Jun 7
🚨Global management consulting and strategy advisory firm Zinnov and venture capital firm Chiratae Ventures on Tuesday marked down 2026 revenue projections of the Indian software-as-a-service (#Saas) startups from $100 billion to $26 billion in its latest annual report.
The report, titled India #SaaSonomics: Navigating Growth and Efficiency, said that concerns of a recession loom large for the Indian #SaaS industry, but that it has displayed remarkable antifragility to withstand turbulent times.
The report indicated three challenges plaguing the industry -- customer churn, customer demand slowdown and delayed sales cycles, and downward pressure on cash flows caused by macroeconomic headwinds.
Read 6 tweets
ETtech Profile picture
Jun 7
🚨There may be a further demand slowdown for Indian IT firms in the quarter ending June, going by the latest results of global software-as-a-service (#SaaS) and digital engineering firms.
Analysts though expect the demand to revive in the second half of 2023-24 as deal pipelines remain strong and there would be additional business from cost-optimisation initiatives that will benefit the Indian IT sector.
Indian IT companies have sell-to and sell-with partnerships with #SaaS firms like #Servicenow, #Salesforce, #Snowflake and #Workday, while the performance of digital engineering firms like Globant, EPAM and Endava can be considered a proxy for high-end digital services demand.
Read 5 tweets
ETtech Profile picture
Jun 7
🚨Welcome to a new edition of #FullStack by @samidhas, a place where you’ll find unfiltered commentary on all things technology. Read on 👇
#Edtech major #Byju's is faced with a trifecta of issues. There is the $1.2 billion TLB (term loan B), delayed audited results, and an equity funding round which has been in the works for months now
On Tuesday, #Byju’s defaulted on interest payment of $40 million for its term loan. That was not all, the beleaguered edtech firm said it is suing hedge fund Redwood, one of its lenders.

economictimes.indiatimes.com/tech/technolog…
Read 8 tweets
ETtech Profile picture
Jun 6
🚨After #digital payments and digital lending, the @RBI is looking closely at platforms that facilitate direct, or peer-to-peer (#P2P), lending between individuals.
While P2P startups, as regulated non-banking finance entities, need to share business updates with the regulator on a constant basis, the RBI has now asked them about partnership models with consumer-facing applications, the flow of funds, risk sharing among partners and so on.
#BharatPe, #Jupiter and #Cred are among the major consumer-focussed applications which work closely with NBFC P2P platforms. P2P startups such as Liquiloans and LenDenClub have built partnerships with these and multiple other consumer-focused platforms. Image
Read 5 tweets
ETtech Profile picture
Jun 6
🚨🚨#Breaking Image
Byju's files suit challenging loan acceleration, seeks lender Redwood's disqualification

economictimes.indiatimes.com/tech/technolog…
On Monday, Bloomberg reported that Byju’s plans to make a quarterly interest payment of about $40 million on a loan that has been at the centre of the firm’s financial troubles 👇

Byju’s faces deadline for $40 million payment

Read more at:
economictimes.indiatimes.com/tech/startups/…
Read 7 tweets

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