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Ratan Tata picks up stake in 18-year old's pharma startup

Ratan Tata city New Delhi India city Mumbai medicines old
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NEW DELHI : Ratan Tata, chairman emeritus at Tata Sons, on Thursday invested an undisclosed amount in a pharmaceutical start-up Generic Aadhaar, in his personal capacity.

The startup is run by 18-year-old Arjun Deshpande, who is the founder and CEO. The Mumbai-based teenager began his venture two years ago with an aim to bring affordable medicines to the masses. “When Sir Ratan Tata came to know about the business plan, he was impressed and decided to be a part of this mission in a personal capacity and help Generic Aadhaar to reach every Indian," said Deshpande.

The startup sources generic drugs directly from the manufacturer and sells it to retail pharmacies, eliminating 16-20% wholesaler margin.

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