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The Silicon Review Asia

Tata Digital Acquires Majority Stake in eHealth Company 1MG

Tata Digital Acquires Majority Stake in eHealth Company 1MG

Tata Sons subsidiary, Tata Digital has announced that it is acquiring a majority stake in 1 MG. 1MG Technologies is a leading digital health company that has been easing access to a wide range of products such as medicines, health and wellness products, diagnostics services and tele-consultation to customers. It also has high-quality diagnostics labs and has a huge supply chain that covers 20,000 pin codes in India.

The eHealth segment in India is worth $1 billion and is expected to grow at approximately 50% CAGR. The investment in 1MG by Tata Digital will form a key element in its ecosystem of offerings.

“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," said Pratik Pal, CEO of Tata Digital. 

A 100% subsidiary of Tata Sons, Tata Digital was established in 2019 to build consumer-centric digital businesses for deep consumer engagement and their needs across multiple verticals, including retail, travel, financial services. 

“We are delighted to join hands with one of India’s most iconic and respected conglomerates. This marks a significant milestone in 1MG’s journey to make high-quality healthcare products and services accessible to customers across India,” said Prashant Tandon, Co-Founder and CEO of 1MG.

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