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Ratan Tata Invests In Teen’s Pharma Startup

The chairman emeritus of Tata Group has invested an undisclosed amount in Generic Aadhar, a pharma startup founded by 18 year old, Arjun Deshpande. 

The Bombay native announced on Thursday, his partnership with the veteran industrialist. Generic Aadhar was started by Deshpande two years ago with the goal of providing quality medication to the Indian population. The startup works as a pharmacy-aggregator, sourcing drugs directly from the manufacture and selling to the retailer, cutting out middlemen. This is allowing the company to offer pharmaceuticals at lower-than-market price. The startup boasts a current annual revenue of Rs.6 Crore. 

Though reports claim the investment will entitle Mr. Tata to a 50% stake in the company, he quickly took to twitter to set the record straight.

Arjun and Generic Aadhar hope the association will facilitate the company’s presence in every Indian city.

 

 

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