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<ul><li>Flexiloan.com has raised a whopping $90 million in a mix of debt and equity.</li><li>The company plans to use this capital to process loans worth ₹2,000 crore</li><li>It also claims to have access to over 10 million SMEs through its 50+ partners like Amazon, Flipkart, MSwipe, PineLabs, and others. </li></ul>Digital lender Flexiloan.com on Tuesday announced that it has raised a whopping $90 million in a mix of debt and equity to process loans worth ₹1,500 crore- ₹2,000 crore ($190-$260 million) in the next 12 months. The Series B round was raised from marquee investors like Denmark-based private equity firm MAJ Invest, UK-based intact investor Fasanara Capital, the family offices of Dr Harry Banga and Yogesh Mahansaria. The company has been in talks for this round since last August and started signing term sheets in January, Deepak Jain, co-founder of Flexiloan.com, told Business Insider. Former chief executive officer (CEO) of Citigroup Sanjay Nayar — husband of Nykaa’s founder Falguni Nayar — also participated in the round, which included a debt infusion of ₹210 crore ($28 million). The company has raised ₹350 crore to date, which has been used for lending and investment in technology. The six-year-old startup plans to use this capital to scale its micro small and medium enterprises (SME) lending. It also plans to create a technological edge for its ‘Buy Now Pay Later’ (BNPL), supply chain and co-lending services. For this, the company plans to hire for the product and tech teams. <cmsannotation type="cmsannotation" annotationid="Achieving six year’s growth in the next 12 months" comment="subhead" text="Achieving six year’s growth in the next 12 months">Achieving six year’s growth in the next 12 months</cmsannotation> Founded in 2016 by Deepak Jain, Ritesh Jain Manish Lunia and Abhishek Kothari, Flexiloan.com has disbursed over ₹1,700 crore ($200 million) to micro, small and medium enterprises (MSMEs) across 1,600 cities in India without any offline centers. The company now plans to issue loans upto ₹2,000 crore ($260 millions) —a little more than the loans it has disbursed since its inception — in the next 12 months. Deepak Jain noted that the company was disbursing loans worth ₹25 crore a month during pre-Covid days. The company managed to scale more than four-fold to disburse over ₹100 crore ($14 million) on a monthly basis, leading to an annual run rate of ₹1,200 crore ($160 million). “The $100 million will go to $150 by September and $200 million by March next year. If we are able to go at this pace, we should be able to disburse at least ₹1,500-₹2,000 crore this year. The run rates are improving over a period of time,” Jain explained. The Mumbai-based company now plans to double this run rate over the next year, with its co-lending platform contributing a significant share of growth. It also claims to have access to over 10 million SME through its 50+ partners like Amazon, Flipkart, MSwipe, PineLabs, and others. “We are impressed with <keyword id="3558137" type="General" weightage="20" keywordseo="flexiloans" source="Orion">FlexiLoans</keyword>’ vision, strong management team and solid technology platform for driving financial access to deserving Micro SMEs. Indian MSMEs are increasingly adopting digital tools and FlexiLoans’ technology and data science assets are a perfect match to seize this opportunity to deepen financial access where it's most needed" said David Paradiso, Partner - MAJ Invest. Asia Link Advisors and Axis Capital acted as advisors for the fund raise. SEE ALSO <a href="https://www.businessinsider.in/business/corporates/news/indian-corporates-made-a-full-comeback-with-111-billion-profits-but-the-same-cant-be-said-for-2023/articleshow/92033485.cms" style="">Indian corporates made a full comeback with $111 billion profits, but the same can’t be said for 2023</a> <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/lic-stocks-if-you-want-to-predict-this-stock-prices-look-how-the-stock-market-moves/articleshow/92040939.cms">If you want to predict LIC stock prices, look how the stock market moves</a> <a href="https://www.businessinsider.in/business/auto/news/tata-motors-bags-indias-biggest-ev-fleet-order-from-cab-company-blusmart/articleshow/92035478.cms">Tata Motors bags India’s biggest EV fleet order from cab company BluSmart</a>

FlexiLoans.com bags $90 million to cover six years’ of journey in one year

<ul><li>The equity funding round was led entirely by the Falguni and <keyword id="6379795" type="PERSON" weightage="20" keywordseo="sanjay-nayar">Sanjay Nayar</keyword> Family Office, the investment arm of Nykaa founder <keyword id="6379793" type="PERSON" weightage="20" keywordseo="falguni-nayar">Falguni Nayar</keyword> and her investment banker husband, Sanjay Nayar.</li><li>With the latest funding, <keyword id="3558137" type="PERSON" weightage="20" keywordseo="FlexiLoans">FlexiLoans</keyword> has raised a total of ₹500 crore in equity and debt funding so far.</li><li>The startup was founded in 2016 by graduates of Indian School of Business Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain.</li></ul>Indian <keyword id="6618634" type="UNKNOWN" weightage="20" keywordseo="lending-startup">lending startup</keyword> FlexiLoans has raised ₹150 crore in a mix of equity and debt funding. The equity funding round was led entirely by the Falguni and Sanjay Nayar Family Office, the investment arm of Nykaa founder Falguni Nayar and her investment banker husband Sanjay Nayar. Sanjay is the India head of American PE giant KKR. “FlexiLoans.com has one of the strongest fintech technology platforms with a right mix of strategy, business partnerships and underwriting processes to capitalize on the digital lending opportunity in India, especially in the post-COVID environment,” said a spokesperson from the Nayar Family Office. With the latest funding, FlexiLoans has raised a total of ₹500 crore in equity and debt funding. Founded in 2016 by graduates of Indian School of Business Abhishek Kothari, Deepak Jain, Manish Lunia, and Ritesh Jain, FlexiLoans now plans to scale up its SME lending, while also expanding its supply chain and co-lending verticals. FlexiLoans book <table style="border-width: initial; border-style: none; width: 468pt; table-layout: fixed;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Loans disbursed </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30,000+ </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Loanbook </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹800 crore </td></tr></tbody></table> “FlexiLoans.com is now poised to enter the next phase of its growth journey that we have clearly crafted on the lines of Profitability, Growth and Risk Control. We chose to accept this bid over other term sheets we had from a few institutional investors, given the long term nature of this capital,” said Deepak Jain, co-founder of FlexiLoans.com in a statement. The startup was also one of the four Indian startups to be named in the global ‘Emerging 50’ FinTechs, according to a report released by KPMG in collaboration with H2 Ventures. SEE ALSO: <a href="https://www.businessinsider.in/business/startups/news/byju-raveendran-on-byjus-us-expansion-and-how-white-hat-jr-wont-just-be-about-coding-anymore/articleshow/78904109.cms">'India can provide teachers to the world, just like software engineers,' says Byju Raveendran as he plans to take his $11 billion edtech startup to US shores</a>

FlexiLoans raises ₹150 crore in equity and debt funding – Falguni and Sanjay Nayar Family Office bets on the lending startup

<ul><li><keyword id="6354743" type="COMPANY" weightage="20" keywordseo="Amazon-India">Amazon India</keyword> has launched a new online platform where sellers can apply for loans online, called the <keyword id="6621347" type="UNKNOWN" weightage="20" keywordseo="selling-lending-network">Selling Lending Network</keyword> (SLN).</li><li>The SLN offers a wide variety of loans at ‘competitive’ interest rates that range between 11% to 15%. </li><li>Seller Central, a component of SLN, uses <keyword id="294572" type="TECHNOLOGY" weightage="20" keywordseo="machine-learning">machine learning</keyword> to determine a seller’s capacity to repay a loan.</li></ul><keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> is going to start lending money to its sellers in India. With its new lending platform, sellers can now apply for loans directly from Amazon India using the company’s new <a href="https://www.cnbctv18.com/retail/amazon-launches-seller-lending-platform-says-dearth-of-working-capital-cripples-businesses-129455.htm">Seller Lending Network (SLN).</a> Having partnered with <keyword id="706950" type="ORGANIZATION" weightage="20" keywordseo="Aditya-Birla-Finance">Aditya Birla Finance</keyword>, <keyword id="6358007" type="COMPANY" weightage="20" keywordseo="bank-of-baroda">Bank of Baroda</keyword>, <keyword id="1660511" type="COMPANY" weightage="20" keywordseo="Capital-First">Capital First</keyword>, Capital Float, Flexiloans and Yes Bank, the company is expanding the financial tools available to vendors on its site. When applying for a loan, sellers will have a choice between different third-party lenders. The options could vary in terms of interest rates and the type of loans available. This could be collateral free term loans or overdraft loans that extend to anywhere between Rs 200,000 to Rs 50 million with interest rates between 11% and 15%. <keyword id="6618886" type="UNKNOWN" weightage="20" keywordseo="Lender-Central">Lender Central</keyword> Lender Central is a single window where lenders can view seller performance data, the status of loan applications and a detailed loan portfolio. There’s a real-time component where lenders can view the performance of sellers on Amazon.in as it happens. The aim of providing this data is so that lenders are better informed about their decisions and can fashion their loan decision-making models accordingly. As with most tech companies, Amazon is utilising machine learning capabilities in Lender Central. According to <a href="http://www.thehindu.com/business/amazon-india-unveils-seller-lending-network-uses-machine-learning-to-facilitate-loans/article24156611.ece">the company</a>, using machine learning models, they can issue early warning signals and implement qualitative improvements to a lender’s loan book. The algorithm calculates the seller’s capability to repay loans based on their past performance in the marketplace. Doesn’t Amazon already have a lending program? The company’s original loan service, called the <a href="https://www.thehindubusinessline.com/info-tech/amazon-india-launches-seller-lending-programme/article8219196.ece">Seller Lending Program</a>, was launched in 2016 on a similar framework as the lending service provided by its US portal. But that service is limited to small business entrepreneurs and is an ‘invite-only’ proposition. On the other hand, SLN is an ‘India-first’ initiative by the company. It allows all sellers on the e-commerce platform to apply for loans and they can initiate the process by filling out an online application. The underlying condition seems to be that sellers should have a business history with Amazon India of 4-6 months.

Amazon's new service allows Indian sellers to get third party loans through the company

We live in the experience era – a world where a brand’s success depends on the experience it delivers to its customers. Imagine this: Just one bad experience is enough for about 32 percent of customers to stop doing business with a brand they loved (PwC study). Across industries, firms are therefore redirecting their efforts in effectively providing the most relevant experiences to customers across the value chain. A large part of this ‘experience’ approach today is unsurprisingly digital-driven. Digital adoption witnessed a giant leap in the last two years, influenced largely by the global pandemic and changes in customer behavior. Enterprises were too quick to invest on building their digital capabilities to shift to new models to survive when the pandemic hit, recover faster and grow in the post-pandemic economy. Statistics indicate that India’s consumer digital economy is expected to be a US$800 billion market in 2030, with a predicted 10X growth from 2020. And quite clearly, brands understand the necessity to engage their customers through the right digital experiences. The way they interact and involve the customers is evolving in unprecedented ways. <cmsannotation type="cmsannotation" annotationid="Why Digital Experience Platforms?" comment="subhead" text="Why Digital Experience Platforms?">Why <keyword id="2200906" type="General" weightage="20" keywordseo="digital-experience" source="Orion">Digital Experience</keyword> Platforms?</cmsannotation> As brands transition to providing more consistent and comprehensive multi-channel experiences to customers across touch points, Digital Experience Platforms are fast emerging as preferred alternatives. So, what exactly is DXP? Here’s the popular definition coined by Gartner - “A <keyword id="14132028" type="General" weightage="20" keywordseo="digital-experience-platform" source="Orion">digital experience platform</keyword> (DXP) is a well-integrated and cohesive set of technologies designed to enable the composition, management, delivery and optimization of contextualized digital experiences across multi experience customer journeys.” What really stands out in this definition is how disparate pieces promise to come together to serve a common goal – keeping the customer happy! In the digital era, customers expect personalized and always connected experience in real-time. Traditional siloed approaches often come with significant constraints in providing this cohesive experience across channels –web, mobile app, social and even physical touchpoints. That’s exactly why DXP is gaining momentum. It allows for optimum usage and continuous improvement of these various digital channels while providing centralized control over multiple assets. Bridging the gap between multiple technology layers and business functions is the biggest challenge that today’s technology and marketing leaders face. The shift from information silos to a more unified approach makes DXP a compelling proposition for leaders. The key building blocks of DXP include content management, analytics, personalization, digital asset management, and customer data management aligned to meet business goals and innovation. Until now, businesses rely on different digital technologies to meet different goals in this journey. For example, portals for content aggregation, the good-old CMS for content management, analytics for behavioral tracking and so on. With DXP, these technologies meet to provide an integrated and seamless experience to customers across touchpoints while the brand can centrally control these elements. <cmsannotation type="cmsannotation" annotationid="Redefining ‘Xperiences’" comment="subhead" text="Redefining ‘Xperiences’">Redefining ‘Xperiences’</cmsannotation> Brands are rethinking the whole concept of digital experience in today’s market. Their strategies no more revolve around getting more people to buy your products and services through digital channels. Businesses are aiming to be more collaborative and are in the process of shaping a consistent and positive relationship with customers. In the increasingly competitive market with innovative models, there is absolutely no room for error. As brands build products for the Next Billion Users in markets like India, customer engagement is critical. DXP can form the foundation of this engagement model by helping brands to ‘listen’ to their customers, act upon the data more spontaneously and create an experience that every customer can relate to. Quite interestingly, DXP cuts across an organization’s multi-layered experience value chain, addressing customers, employees and partners all at once. Employees especially are key stakeholders in drawing up compelling customer journeys. Employee experience almost always directly influences customer experience. Combining these often-disconnected pieces could potentially transform digital experiences for the better. <cmsannotation type="cmsannotation" annotationid="The way forward" comment="subhead" text="The way forward">The way forward</cmsannotation> The global digital experience platform market size is estimated to reach USD 30.41 billion by 2030, registering a CAGR of 13.3% over the forecast period, according to a recent report by Grand View Research, Inc. Further, the explosion of data, integration of advanced technologies like AI (artificial intelligence), ML (machine learning) and advanced analytics have led to the availability of increasingly sophisticated DXP product offerings in the market. The cloud segment of DXP is expected to grow at higher rates in the coming days. As brands buckle down on deciphering customer needs and fine-tuning customer journeys, DXP is predicted to play a central role. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/which-devices-will-support-ios-16-and-ipados-16-upgrade/articleshow/92050520.cms">iOS 16 update – here are the devices that will support iOS 16 and iPadOS 16</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="http://www.businessinsider.in/business/startups/news/flexiloans-com-bags-90-million-to-cover-six-years-of-journey-in-one-year/articleshow/92041187.cms">FlexiLoans.com bags $90 million to cover six years’ of journey in one year</a>

Digital experience platforms stop customers from abandoning brands after a bad experience

<ul><li><keyword id="12197987" type="General" weightage="20" keywordseo="tataneu" source="Orion">TataNeu</keyword> could be worth $15 billion as it is in position to clock $20 billion in sales by the end of this decade.</li><li>JM Financial has based this prediction on the gross merchandise value (GMV) of key categories on the superapp.</li><li>The company’s GMV currently stands roughly around ₹16,000 crore ($2 billion).</li></ul><keyword id="8187544" type="General" weightage="20" keywordseo="tata-digital" source="Orion">Tata Digital</keyword>’s superapp TataNeu — which brings all of its digital services and apps on a single platform — could be worth $15 billion, as per a report by Indian financial services group JM Financial. This could be a natural transition for the steel-to-tech-to-auto conglomerate which also has various consumer interest businesses including retail stores like Westside, Croma, FMCG brands from tea to salt, and also owns the grocery delivery app, BigBasket. “We believe there is a lot of value in the Tata ecosystem that Tata Digital can help unlock. Based on the gross merchandise value of key categories on <keyword id="12651286" type="General" weightage="20" keywordseo="tata-neu" source="Orion">Tata Neu</keyword>, we believe the value of Tata Digital could be upwards of $15 bn,” it added. <cmsannotation type="cmsannotation" annotationid="‘An audacious endeavour’" comment="subhead" text="‘An audacious endeavour’">‘An audacious endeavour’</cmsannotation> In fact, the report compares it to the e-commerce pivot of US retail giant, Walmart — and can successfully leverage online and offline shopping experience — something even Amazon and Jio are trying to achieve. But, it comes with its own risks. “While Tata is ticking all the right boxes in their digital shift, the mere enormity of this transition makes this an audacious endeavour. Drawing lessons from Walmart’s pivot to e-commerce, we believe Tata will need sustained investments in this space to succeed,” the report noted. <cmsannotation type="cmsannotation" annotationid="More services – travel to food and more" comment="subhead" text="More services – travel to food and more">More services – travel to food and more</cmsannotation> JM Financial has also not accorded any value to Tata Pay, its own UPI service and other categories in the TataNeu bubble such as food and travel. It expects the company’s valuation to evolve with addition of new products and services. Tata Digital is yet to add existing brands like Vistara, Air India, Tanishq, Titan and others to the <keyword id="3848715" type="General" weightage="20" keywordseo="super-app" source="Orion">super app</keyword>. “One thing is certain though. If executed well, there is a lot of value within the Tata group which Tata Digital can help unlock,” the report noted. <cmsannotation type="cmsannotation" annotationid="A 10x growth in gross merchandise value" comment="subhead" text="A 10x growth in gross merchandise value">A 10x growth in gross merchandise value</cmsannotation> If all works fine, JM Financial believes that TataNeu’s GMV could increase to ₹1.54 lakh crore (approximately $20 billion, at current conversion rate) by the end of this decade. The company based this prediction on the gross merchandise value (GMV) of key categories on the superapp. Its GMV — total value of merchandise sold over a given period of time — currently stands roughly around ₹16,000 crore ($2 billion). <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"> </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2021/FY2022 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY2030E </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BigBasket </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,558 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹97,676 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">1mg </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹309 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹4,607 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Curefit </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹161 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹2,404 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Croma </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,315 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹27,424 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata CLIQ </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹356 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹5,310 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Westside </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,940 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹6,826 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Caratlane </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,265 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹9,808 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹15,906 crore ($2 billion) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹1,54,056 crore ($19.8 billion) </td></tr></tbody></table>Source: VCCEdge, JM Financial Estimates Note: ‘E’ in FY2022E stands for estimates. <cmsannotation type="cmsannotation" annotationid="Good competitive advantage" comment="subhead" text="Good competitive advantage">Good competitive advantage</cmsannotation> JM Financial highlighted that it is difficult to accurately ascribe value to TataNeu due to lack of granular data around the number of users and GMV as it is early days of the app's launch. However, it emphasized that the valuation of the company should be akin to valuing an e-commerce company. TataNeu, which rolled out a little over eight months ago, was only open for 800,000 Tata Group employees and their friends and family till its formal launch in April. The superapp began with a cumulative consumer base of 120 million users and 2,500 offline stores, along with an 80 million app footprint across its digital assets. JM Financial believes that TataNeu is well placed to take market share away from its existing competitors like Flipkart, Amazon, Reliance Retail/JioMart. “Tata’s leadership in the fast-growing e-grocery segment (through Big Basket) and compelling omnichannel offerings in two of the largest ecommerce categories – lifestyle and consumer electronics – position it well to take market share away from the incumbents,” JM Financial said. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/stock-market/news/maruti-suzuki-adani-enterprises-metropolis-idbi-bank-among-stocks-to-watch-out-for-on-june-7/slidelist/92049909.cms">Maruti Suzuki, Adani Enterprises, Metropolis, IDBI Bank among stocks to watch out for on June 7</a> <a href="https://www.businessinsider.in/business/startups/news/flexiloans-com-bags-90-million-to-cover-six-years-of-journey-in-one-year/articleshow/92041187.cms">FlexiLoans.com bags $90 million to cover six years’ of journey in one year</a> <a href="https://www.businessinsider.in/business/corporates/news/indian-corporates-made-a-full-comeback-with-111-billion-profits-but-the-same-cant-be-said-for-2023/articleshow/92033485.cms">Indian corporates made a full comeback with $111 billion profits, but the same can’t be said for 2023</a>

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