Tata  Digital  to  acquire majority  stake  in  e-pharmacy 1MG

BENGALURU : Tata Digital Ltd, the company that houses the Tata group’s digital assets, on Thursday said it is set to acquire a majority stake in online pharmacy 1mg Technologies Pvt. Ltd.

The investment is in line with Tata group’s vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner, it said in a statement.

This is Tata Digital’s second major investment in an Indian startup this week. On Tuesday, the company announced a $75 million investment in fitness startup CureFit and named its co-founder Mukesh Bansal as president of Tata Digital.