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Tata Digital to acquire majority stake in online pharmacy 1mg
short by Pragya Swastik / on Thursday, 10 June, 2021
Tata Sons' digital subsidiary Tata Digital on Thursday said it's acquiring a majority stake in online pharmacy startup 1mg. The financial details of the deal weren't disclosed, but earlier, reports suggested that Tata Digital was planning to invest between $100 million to $110 million in 1mg for a 65% stake. According to Tracxn, 1mg was last valued at $242 million.
read more at TechCrunch