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Tata Digital acquires majority stake in online pharmacy startup 1MG

The Tata Group continues to expand its foray into new-age digital businesses as Tata Digital, the wholly-owned subsidiary of Tata Sons, on Thursday announced it has acquired a majority stake in online pharmacy & healthcare startup 1MG Technologies for an undisclosed value. In a statement, Tata Digital said the acquisition of the majority stake 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. Tata Digital now has got a foothold in three new-age digital businesses – vegetables and grocery delivery, lifestyle fitness, and now an online pharmacy. “This category will form a key element of the Tata Digital ecosystem offering,” the statement noted. This marks a significant milestone in 1MG’s journey to make high-quality healthcare products and services accessible to customers across India.”

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