ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-1mg” target=”_blank”>Tata 1mg is re-entering an investment phase as the online pharmacy looks to expand its offline presence amid talks of an external funding round, according to people in the know.
ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-digital” target=”_blank”>Tata Digital had acquired a strategic stake in 1mg in 2021. Since then, the e-pharmacy firm has raised only $40 million, through a rights issue from Tata Digital in 2022.
The planned $300 million external fundraising for 1mg marks a shift in strategy for the salt-to-software ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/tata-group” target=”_blank”>Tata Group, which had last year asked 1mg and its grocery delivery firm BigBasket to increase reliance…
