Friday, 24 March, 2023

Tata Digital's latest funding makes 1MG unicorn

<p>1mg has joined the unicorn club following an internal funding round that was directed by Tata Digital. The business was valued at $1.25B after raising $41M. Privately held businesses valued at $1B or more are known as unicorns. In June of last year, Tata Digital purchased 1mg for almost $450M. A little over 62% of the e-pharmacy is owned by Tata Digital. This is the third unicorn under Tatas&#39; e-commerce venture.</p>