Tata Group, on the other hand, is having discussions with Walmart Inc. for a $25 billion investment in a “super-app.” The 152-year-old venerable conglomerate is planning to create a multi-purpose online platform combining fashion, lifestyle, food, grocery, electronics retail, insurance and financial services, as reported in Mint newspaper. The “super app” will also focus on offering digital content and education. Read: Reliance Jio Announces ‘Made In India’ 5G Solutions
Ratan Tata vs Muskesh Ambani: Super App Rivalry
Mukesh Ambani does have an upper hand as he already has 400 million regular subscribers for Jio telecommunications network. But, Tat Group also owns Tetley tea and Jaguar Land Rover car brands, and has its claws dug in more than 100 businesses. Furthermore, if Tata is able to provide a portal to its vendors to not only sell their wares, but also to host data and discount bills, expansion into business-to-consumer or consumer-to-consumer websites — like Alibaba’s Tmall or Taobao, then Tata would surely be able to knock out Ambani. Also, if Walmart agrees to partner with Ratan Tata, Tata will then get a free reign to both the U.S. retailer’s India e-commerce website – Flipkart and also PhonePe. Read: Jio PUBG Partnership May Pave Way For PUBG’s India Return
