Tata Digital to acquire majority stake in ehealth firm 1MG Tech


Tata Digital Ltd, a 100% subsidiary of Tata Sons has entered into an agreement to acquire majority stake in 1MG Technologies Pvt Ltd, a digital health company for an unspecified amount.

1MG enables easy and affordable access to medicines, health & wellness products, diagnostics services & tele-consultation to customers.

The company operates 3 diagnostics labs, has a supply chain covering over 20,000 pincodes across the country.

Through its subsidiaries it is also engaged in the business of B2B distribution of medicines & other healthcare products.

The investment is in line with Tata Groupโ€™s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner, the company said.

โ€œThe investment strengthens Tataโ€™s ability to provide superior customer experience and high quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology led platform,โ€ said Pratik Pal, CEO, Tata Digital.

โ€œThis marks a significant milestone in our journey to make high quality healthcare products & services accessible to customers across India,โ€ said Prashant Tandon, co-founder & CEO, IMG.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.