Business Standard Tata Digital to acquire majority stake in online healthcare marketplace 1MG
Tata Digital Limited, a 100% subsidiary of Tata Sons, will acquire a majority stake in digital health company 1MG Technologies. 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, said a company statement. e-pharmacy, e-diagnostics and tele-consultation are critical segments in this ecosystem and have been among the fastest growing segments in this space, as this sector enabled access to healthcare through the Coronavirus (Covid-19) pandemic. The financial details of the deal were not available. Tata Digital had invested Rs 100 crore in 1MG via debt a few months back.