To heat up the competition, Tata Group is working on a new super app that will attempt to offer the group’s wide range of products and services within one smartphone application for consumers. It is expected that the super app that the Tata Group is working on will be ready for launch by early next year.
Reliance Industries Ltd has also aggressively raised around $20 billion from as many as 13 foreign investors, including tech companies Facebook, Google and Qualcomm, and has significantly upgraded the MyJio app to offer a lot more functionality and features over the past few updates.
It is believed that the Tata Group wants to put a variety of their services, including food, groceries, fashion and lifestyle, consumer electronics, consumer durables, financial services and insurance as well as education, healthcare and bill payments within one app. The latest numbers by CounterPoint research suggest India has as many as 620 million internet users and that number is expected to use to around 850 million by the year 2022.
The Tata businesses are valued at $113 billion in terms of revenue, and the businesses include direct to home (DTH) satellite TV service Tata Sky, home broadband service Tata Sky Broadband, the jewelry business Tanishq, the Indian Hotels Company which runs the Taj Hotels & Resorts, consumer appliances brand Voltas Beko, offline stores under the Croma brand, financial services Tata AIG and Tata Capital as well as retail brands Zara and Starbucks.