Indian multinational conglomerate, Tata group is in talks with online pharmacy 1mg for acquiring a majority stake, said the people aware of the matter. 
The group with its salt-to-software services has drawn its interests in providing e-pharmacy services in India. During the nationwide lockdown, e-pharmacy is the only sector in the country which has witnessed rapid growth. The first week of lockdown period saw most e-pharmacy businesses getting hit, but later the government recognised the importance of the services offered by e-pharmacies. 
“The talks have been ongoing as Tatas look to build their super-app platform. The Tata group’s strategy is to pick up controlling stake but keep the management to run the operation…,” said the person asked to remain anonymous.
The Gurugram-based 1mg is India’s leading online pharmacy and healthcare platform provider and had diversified its business with online lab testing, doctor consultations and even providing insurance claims facility. The company has also developed a portfolio of private label products in its nutrition and supplements category.
Earlier in August, Reliance Industries Ltd. (RIL) has acquired 60 per cent stake in Vitalic for Rs 620 crore through its subsidiary Reliance Retail Ventures Ltd.