Mumbai, August 27: Tata Group conglomerate is planning to expand its footprint in the e-commerce space. The company has plans of launching an all-in-one e-commerce app for its consumer products and services, according to a Bloomberg report. The launch of the app is expected to take place by the end of 2020 or early next year.
By ramping up its e-commerce operations, it will be competing with biggies in this space which includes names like Amazon, Flipkart and Reliance. There is cut-throat competition in this space and each of these players is looking to expand their growth and tap the second most populous country.
Tata Group has plans of making a sizeable presence in the online market. According to a forecast by Cisco Systems Inc, internet users are expected to reach 900 million by 2023. There has been a huge jump in the consumption of content and people using smartphones to do various activities. Tata Group, therefore, wants to capitalise on this opportunity and make the most of it.