Tata neu is planning to enter in online food-delivery space to break the Monopoly of Swiggy and Zomato and expand further as instead of building its platform is going to rely on Magicpin to tap into the government-backed Open Network for Digital Commerce (ONDC) platform.
Tata Neu is a super app that was started by Tatadigital in 2022 to make the first super app that has various services such as Style Wardrobe with Tata CLiQ and Westside, the latest gadgets from Croma, Booking flights on Air Asia India, ordering a 5-star meal on Qmin, health check-up through Tata 1mg and Booking a luxurious hotel at an IHCL hotel.
As per the report of Moneycontrol, the company will initiate “closed group trials” for Tata Neu food delivery services as most of the users have to wait for months or perhaps the company will roll out the product in the market.
Tata will operate the food delivery service cost-effectively to break the dominance of Zomato and Swiggy in the market.
Tata is also expected to enter the stock market and mutual fund investment sector to compete with Zerodha and Groww. Navven Tahilyani has also been replaced as CEO and Managing director of the company.
The Indian food delivery market is expected to grow to $81.9 Billion by 2028 Growing at a CAGR of 19.7% between 2023-2028 and one of the biggest players in this industry are Zomato and Swiggy.
