Tata Digital’s FY24 losses narrow to Rs 1,200 crore, revenue doubles

Tata Digital, the e-commerce arm of Tata Sons, saw its losses narrow for FY24 to Rs 1,200.82 crore from Rs 1,370.09 crore in the previous year, while the revenue more than doubled to Rs 420.51 crore from Rs 204.35 crore in FY23, according to Tata Sons’ annual report.

The company reported a gross merchandise value (GMV) of Rs 37,355 crore. The business saw 20.76 million transacting customers during this year.