<p>Tata Group is eyeing a majority stake in Gurgaon-based online pharmacy company 1mg, according to a <a href="https://timesofindia.indiatimes.com/business/india-business/after-e-grocery-tatas-eye-1mg-stake-for-e-pharma-biz/articleshow/79071032.cms#:~:text=Bengaluru%3A%20Tata%20Group%20is%20now,sources%20familiar%20with%20the%20matter.&text=The%20development%20comes%20even%20as,%25%20in%20e%2Dgrocer%20Bigbasket." target="_blank">report </a>by <em>The Times of India</em> quoting sources. </p>.<p>The development comes amid news that online pharmacy company is planning to raise $100 million in funding from a private equity consortium led by Gaja Capital. </p>.<p>“There is definitely a lot of interest in 1mg and Tatas have held talks with them as part of the broader e-commerce push. At the same time, Gaja continues to engage with 1MG over its planned $100-million fund-raise,” a person aware of the matter told the publication.</p>.<p><em>DH independently could not verify the report. </em></p>.<p>According to the report, both the investment talks are happening parallelly.</p>.<p><strong><a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">CORONAVIRUS SPECIAL COVERAGE ONLY ON DH</a></strong></p>.<p>Tata Group's move to grab a share of the country's growing e-pharmacy market comes amid e-pharmas' rising popularity after the <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">Covid-19</a> pandemic and the consequent lockdown.</p>.<p>India has seen over 84 lakh confirmed coronavirus infections -- more than any other country besides the United States -- and healthcare startups are seeing a huge demand for services as a result of the pandemic.</p>
<p>Tata Group is eyeing a majority stake in Gurgaon-based online pharmacy company 1mg, according to a <a href="https://timesofindia.indiatimes.com/business/india-business/after-e-grocery-tatas-eye-1mg-stake-for-e-pharma-biz/articleshow/79071032.cms#:~:text=Bengaluru%3A%20Tata%20Group%20is%20now,sources%20familiar%20with%20the%20matter.&text=The%20development%20comes%20even%20as,%25%20in%20e%2Dgrocer%20Bigbasket." target="_blank">report </a>by <em>The Times of India</em> quoting sources. </p>.<p>The development comes amid news that online pharmacy company is planning to raise $100 million in funding from a private equity consortium led by Gaja Capital. </p>.<p>“There is definitely a lot of interest in 1mg and Tatas have held talks with them as part of the broader e-commerce push. At the same time, Gaja continues to engage with 1MG over its planned $100-million fund-raise,” a person aware of the matter told the publication.</p>.<p><em>DH independently could not verify the report. </em></p>.<p>According to the report, both the investment talks are happening parallelly.</p>.<p><strong><a href="https://www.deccanherald.com/coronavirus-live-news-covid-19-latest-updates.html" target="_blank">CORONAVIRUS SPECIAL COVERAGE ONLY ON DH</a></strong></p>.<p>Tata Group's move to grab a share of the country's growing e-pharmacy market comes amid e-pharmas' rising popularity after the <a href="https://www.deccanherald.com/tag/coronavirus" target="_blank">Covid-19</a> pandemic and the consequent lockdown.</p>.<p>India has seen over 84 lakh confirmed coronavirus infections -- more than any other country besides the United States -- and healthcare startups are seeing a huge demand for services as a result of the pandemic.</p>
