Ratan Tata acquire 50 percent stake in Pharma startup Generic Aadhaar
Mumbai, May 8, 2020: Tata group chairman Ratan Tata invested an undisclosed amount in a 17-year-old kid's pharma start-up Generic Aadhaar.
Generic Aadhaar was founded by the Thane kid, Arjun Deshpande, in April 2019, when he was 16. It supplies quality generic drugs from reputed manufacturers at up to 80 percent lesser cost and other medicines 20-30 percent cheaper.
The boy, an alumni of DAV Public School, Thane, began his entrepreneurial journey with the aim of bringing affordable medicines to the poor, a statement issued by his PR agency said on Thursday.
Tata invests in his personal capacity and did not disclose how much he invested.
The chairman emeritus of Tata Sons has so far invested in over a dozen start-ups since he retired from the group in December 2012 and all his i...