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Tata Digital to acquire majority stake in online pharmacy 1mg

Tata Digital, the subsidiary of Tata Sons, said on Thursday it is acquiring a majority stake in digital health startup 1mg, the latest in a series of investments as the salt-to-steel Indian conglomerate enters the digital consumer space. The firms didn’t share the financial details of the deal, but a person familiar with the matter told TechCrunch that 1mg has received over $220 million in primary and secondary investments — with...

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Home services platform Urban Company raises $255 million at $2.1 billion valuation

Home services marketplace Urban Company said on Wednesday it has raised $255 million in a new financing round and confirmed a valuation of $2.1 billion, joining over a dozen other startups in India that have earned the unicorn status this year. The new financing round — a Series F — was led by Prosus Ventures, Dragoneer and Wellington Management, while Vy Capital, Tiger Global and Steadview participated in it. The...