India Business News: Tata Digital, a unit of Tata Sons, said it is acquiring a majority stake in online pharmacy 1mg, days after its acquisition of CureFit and online groc
Tata Digital acquires majority stake in 1MG
June 10, 2021
This is the third major acquisition by Tata Digital after bigbasket and CureFit
Tata Digital on Thursday said it will acquire a majority stake in digital health company 1MG Technologies. This is the third major acquisition by Tata Digital after bigbasket and CureFit.
Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy and affordable access to a wide range of products like medicines, health and wellness products, diagnostics services and tele-consultation to customers. The company operates 3 state-of-the-art diagnostics labs, has a supply chain covering over 20,000 pincodes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines and other healthcare products.
Read more about Tata Digital to acquire majority stake in online healthcare marketplace 1MG on Business Standard. The investment in 1MG is in line with Tata Group s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner
After BigBasket, Tata Digital to buy majority stake in e-pharmacy 1MG
The investment is the latest in a series of investments the Tata Group has made as part of its strategy to build a super app
BusinessToday.In | June 10, 2021 | Updated 14:01 IST
The acquisition in IMG is in accordance with Tata Group s vision of creating a digital ecosystem that addresses the consumer needs across categories in a unified manner
Tata Digital on Thursday announced that it will acquire a majority stake in 1MG, a digital health startup. The investment is the latest in a series of investments the Tata Group has made as part of its strategy to build a super app and comes weeks after the salt-to-steel Indian conglomerate bought BigBasket, as well as announced an investment in fitness startup CureFit.
Tata Digital Limited, a 100 per cent subsidiary of Tata Sons Private Limited, will acquire a majority stake in digital health company 1MG Technologies Private Limited (1MG).The investment in 1MG is in line with the Tata Group s vision of .