Tata Digital, which houses Tata Group’s ecommerce “super app” Tata Neu, has appointed Mukul Saxena as Chief Business Officer.
Tata Digital is the ecommerce branch of a Mumbai-based conglomerate. It includes digital companies like BigBasket and 1mg, as well as Tata Cliq and Croma. Saxena, who was previously with MobiKwik, joined Tata Digital as CEO of their
With over two decades of experience in digital payments and fintech, Saxena will be responsible to lead the Product, P&L, and new initiatives in the fintech business at Tata Digital.
According to the annual report, Tata Digital has reported standalone revenue of Rs 204.35 crore for the fiscal year 2022-2023. This figure represents a substantial increase of approximately 13 times compared to the previous year. However, on a standalone basis, the unit has incurred a loss of Rs 1,370 crore, which showcases a 23 per cent increase when compared to FY21.
Furthermore, at a consolidated level, Tata Digital has recorded a consolidated revenue of Rs 15,979 crore in FY21, demonstrating a significant improvement from the Rs 5,315 crore achieved in FY20.
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