• Tata Digital Limited invested nearly 30 Million USD in Tata 1mg. The transaction also facilitated 1mg to become India’s 107th Unicorn with a valuation of 1.25 Billion USD.
  • 1 mg was acquired by Tata Digital Limited in June 2021.

About 1mg:

  • 1mg is India’s second largest healthtech startup providing online services such as medicine deliveries, and diagnostics services.
  • It delivers medicines across 1800+ cities in India.
  • Incorporated in 2015, Tata 1mg reported increase in total consolidated revenue of INR 644.8 Cr in FY22 from INR 316 Cr in FY21 with narrowing losses.

 About Tata Digital Limited:

  • Incorporated in 2019, Tata Digital Limited is a wholly owned subsidiary of Tata Sons Private Limited. The company is focused to build consumer-centric digital business.
  • Tata Digital has an estimated valuation of more than 18 billion USD.
  • Tata Digital has been on acquisitions spree in e-commerce companies like BigBasket, Curefit, and 1mg.


  • During acquisition in June, 2021, 1mg was valued at 450 Million USD. Tata Digital has now acquired nearly 62% stake in the e-pharmacy.
  • Besides the pharmacy business, Tata 1mg will be focusing to widen its diagnostic business to position itself as a digital health platform offering a range of services including online doctor consultations.
  • It will also focus on a couple of offline stores opened during 2021, in Delhi-NCR. As on date, the stores are functioning in pilot mode.

 Indian Healthtech market

  • India currently holds the fourth position in attracting VC funding to the health-tech sector, with investments of US$ 4.4 billion between 2016- 21, while US$ 1.9 billion invested in 2021 alone.
  • PharmEasy, largest online pharmacy player, acquired Medlife in May 2021 and acquired a majority stake in listed diagnostics company Thyrocare in June 2021. PharmEasy has also filled IPO papers but have kept the plans on hold due to weak performance and weak markets.
  • Majority stake of Net Meds is owned by Reliance Retail.
  • In Nov. 2021, Flipkart Group entered into the online pharmacy sector through the launch of Flipkart Health+ by acquiring a majority share in, an online pharmacy and digital healthcare platform.


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