Tata Group tries to break heavy-industry curse with flurry of e-commerce deals


Source: nikkei.com nikkei.com

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Nikkei Asia TOKYO — Tata Group has hit the accelerator on its expansion into digital services, as lndia’s biggest conglomerate seeks to make up for lost time in a shift from heavy industry like cars and steel. The 153-year-old group’s high-profile acquisitions announced in recent weeks are designed to challenge tech leaders Flipkart and Amazon.com in India’s fast-growing e-commerce market. Tech unit Tata Digital said last week that it will acquire 1MG Technologies. The Indian startup, founded in 2015, handles a range of medical services from online pharmaceutical sales to telemedicine and boasts Share this: