Just Dial has ramped up its sales force, making employee expenses front-ended and leading to lower margins. This will improve as the workforce matures, Nuvama said
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“Both sides have met for discussions, but it is too early to say anything has been finalised. A lot also depends on how things evolve between the two parties,” said a senior Tata official who was aware of the meeting.
Tata Sons’ mergers and acquisitions team has been creating a list of possible partnerships that they can close to provide Tata Digital that big scaleup and reach needed in the online consumer space.
Tata Sons did not comment when contacted by The Economic Times. An emailed query sent to VSS Mani, founder and managing director at Just Dial, did not elicit a response as of publishing this story.
Read more about Just Dial shares surge 10% on advertisement agreement for IPL on Business Standard. The company has signed an advertising agreement with broadcaster Star for advertising as Co-Presenting Sponsor in Indian Premier League, to be held in April-May 2021
Updated Mar 08, 2021 | 11:06 IST
The full-fledged entry of the Tatas will raise competition in India’s online retail segment dominated by players such as Flipkart, Amazon and billionaire Mukesh Ambani-controlled Reliance Retail. tata
New Delhi: Salt-to-software conglomerate Tata Sons’ digital arm Tata Digital has held early talks with Just Dial, the online classifieds company, to ink a strategic deal or a potential stake purchase, as the $113 billion Tata group is poised to beef up its presence in e-commerce.
Last month, the Tata group reportedly acquired 68 per cent in online grocer BigBasket for Rs 9,500 crore, and the deal assumes significance because the conglomerate is building a super-app that will offer a wide range of items under one roof. Tata Digital has held multiple discussion with several partners as it wants to finalise its ‘Super App’. Many experts of the opinion that the entry of the Tatas will certainly raise competition in I
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