Earlier this week, Tata Digital had introduced funding of as much as $75 million in CureFit Healthcare
Tata Digital, a 100 per cent subsidiary of Tata Sons, has introduced that it’ll purchase a majority stake in digital well being firm 1MG Technologies. “The investment in 1MG is in line with the Tata group’s vision of creating a digital ecosystem that addresses the consumer needs across categories in a unified manner,” Tata Digital mentioned in an announcement.
Commenting on the funding, Mr. Pratik Pal, CEO of Tata Digital, mentioned, “The investment in 1MG strengthens Tata’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.”
1MG was integrated within the 12 months 2015. It is a number one participant within the eHealth house, enabling simple and inexpensive entry to various merchandise comparable to medicines, well being & wellness merchandise, diagnostics providers and teleconsultation. It operates three state-of-the-art diagnostics labs and has a provide chain masking over 20,000 pin codes throughout the nation.
Earlier this week, Tata Digital had introduced funding of as much as $75 million in health and well being startup CureFit Healthcare, which operates fashionable health club chain CultFit. And final month, Tata Digital had obtained approval from the Competition Commission of India to accumulate a majority stake in on-line grocery participant BigBasket.
