Adani Retreats From Super App Ambitions as Digital Unit Falters

Adani Retreats From Super App Ambitions as Digital Unit Falters

The Adani Group has shelved its plans to build a consumer-facing super app after incurring significant losses and internal turmoil, people familiar with the matter said, marking a retreat from its ambitions to build “the Ferrari of the digital world.”

Adani Group halts super app project after heavy losses and internal mismanagement probe: Report - The Tech Portal

Arguably one if India’s largest business conglomerates, the Adani Group, despite massive investments, failed to achieve what it’s peer conglomerates couldn’t achieve either — building a super app in India. The group has reportedly dropped its plans to further expand its ’Adani One’ super amid heavy financial losses and internal mismanagement, reports Bloomberg. The digital platform, launched in 2022 as ‘Adani One’, was designed to be a one-stop …