Smoke is billowing as the Tata Group continues to burn cash on its first ecommerce platform — Tata Cliq. Tata UniStore Ltd, which owns and runs Tata Cliq, saw its net losses rise in double digits and turnover drop more than 50% in fiscal 2022-23. The exit from certain categories of electronics is the reason behind the drop in revenues, per the company’s filings. But how about the rise in losses? This and much more in today’s ETtech Morning Dispatch.
