India’s Tata Digital announces new investments

Tata Digital, a 100 per cent subsidiary of Tata Sons in India, has entered a Memorandum of Understanding for investing of up to $75 million in CureFit Healthcare, subject to completion of diligence process and other approvals. CureFit Founder & CEO Mukesh Bansal will join Tata Digital in an executive role as President, Tata Digital. In addition, Bansal will continue in his leadership role at CureFit. Additionally, Tata Digital is all set to acquire a majority stake in digital health company 1MG Technologies (1MG). The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem that addresses consumer needs across categories in a unified manner. The investment in 1MG strengthens

Tata’s ability to provide superior customer experience and high-quality healthcare products and services in e-pharmacy and e-diagnostics space through a technology-led platform.