Tata takes on Reliance in online pharmacy battle with 1MG acquisition: 10 points

Tata Digital, a unit of Tata Sons, on Thursday said it will acquire a majority stake in online healthcare marketplace ‘1MG’. The company has been on an aggressive acquisition spree as it recently made investments in online grocer BigBasket and fitness start-up CureFit.

1MG is a digital consumer healthcare platform which lets health-related products delivered at home along with lab tests and online doctor consultation.

Tata’s 1MG acquisition announcement comes after last year in August 2020, Reliance Industries through its retail subsidiary had acquired majority equity stake in online pharmacy Netmeds’ parent company Vitalic for approximately ₹620 crore.