Tata Digital’s FY23 loss at Rs 1,370.99 cr, up from Rs 1,122.88 cr in FY22

In a period when Indian startups and e-commerce players have begun to underscore profitability, India’s oldest conglomerate’s e-commerce venture presents a different narrative upon examining the results for 2022-23 (FY23). This marks the inaugural full year since the introduction of its application (app), Tata Neu.

Tata Digital reported a standalone revenue of Rs. 204.35 crore for FY23, marking a 13x growth compared with 2021-22 (FY22) revenue of Rs. 15.88 crore. The loss for FY23 amounted to Rs. 1,370.99 crore, which increased from Rs. 1,122.88 crore in FY22.