×
166
Fashion Jobs
ADD UR CO LLP
Production Manager
Permanent · Chennai
HR CAPITAL CONSULTING
General Manager Operations- Garment Export
Permanent · National Capital Region
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
PEEPAL HR ASSOCIATES (OPC) PVT LTD
Ceo Textile Business (Please Read The jd Before Applying)
Permanent · Hyderabad
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
JOB INDIA
Asst. Manager E-Com Operations (Garments Retail) Gurgaon
Permanent · Faridabad
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
MINT AND MILK COMMUNICATIONS
Senior Account Executive
Permanent · MUMBAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
Published
Nov 27, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Tata Group infuses fresh capital in e-commerce business Tata Cliq

Published
Nov 27, 2019

​The Tata Group has made a fresh capital infusion of Rs 231 crore ($32.5 million) into its e-commerce business, Tata Cliq. The company is looking to expand its e-commerce business and expected to infuse more funds in the coming months.
 

Tata Cliq gets fresh capital infusion - Tata Cliq


Tata Unistore, which owns and runs Tata Cliq, has increased authorised share capital of the venture from Rs 1,150 crore to Rs 1,500 crore, according to its latest regulatory filings.
 
Tata Cliq will be using the funds to expand its customer base, brand portfolio, staff retention, and technology.

“Considering the funding requirements of the company to enable it to run its business effectively are intended to be mobilised through the issue of the equity shares of the company, the board of directors has recommended that the authorised share capital of the company to be increased from Rs 1,150 crore to Rs 1,500 crore,” Tata Unistore said in its filings with the Registrars of Companies.
 
The Tata Group had entered the e-commerce space three years back and since then has been continuously investing to expand its e-commerce site Tata Cliq.
 
Recording a profit its e-commerce business has been a struggle for Tata, as losses continue to mount on a year-on-year basis due to operational expenditure and marketing spends.
 
Tata Unistore’s net losses had jumped 18 percent to Rs 247 crore in 2018-19 as against a net loss of Rs 208 crore it had reported in the fiscal year 2018.
 
The company’s sales, however, have been growing and had more than doubled to Rs 111 crore for the fiscal year 2018-19 as compared to Rs 42 crore in the fiscal year 2018.

Copyright © 2022 FashionNetwork.com All rights reserved.