October 7, 2020 | technology | No Comments
From Flipkart versus Amazon to Uber versus Ola, and even Swiggy versus Zomato, India’s internet has so far been a battleground for young local startups and global tech giants—either fighting each other or among themselves.
But suddenly, legacy Indian businesses seem to have woken up to the online opportunity—and how.
The over 150-year-old Tata Group is reportedly developing a “super app” that would bring all its offerings—that include food and grocery, fashion and lifestyle, electronics, insurance, financial services, education, healthcare, and utilities—together on a single platform. The group is hoping to launch the app by January 2021, Tata Sons chairman Natarajan Chandrasekaran told Financial Times in August.
Meanwhile, Reliance Industries, the nearly 50-year-old oil-to-telecom major, has this year made massive investments in the internet space, besides bringing on investors such as Facebook and Google. The company, owned by India’s richest man Mukesh Ambani, is