Ratan Tata picks up stake in an 18-year-old's pharmaceutical start-up

Invests undisclosed amount in Generic Aadhar in personal capacity; firm claims annual revenue of Rs 6 cr, seeks to scale it up to Rs 150-200 cr in three years

Tata Group Chairman Emeritus Ratan Tata has picked up stake in Generic Aadhar, a pharmacy retail chain promoted by 18-year old Arjun Deshpande from Mumbai.
 

Tata has invested an undisclosed amount in the start-up in his personal capacity. He had earlier invested in another health care start-up called Lybrate, which helps connect patients with doctors.

Tata has invested in over a dozen other start-ups such as Firstcry, Paytm and Snapdeal. “When Ratan Tata came to know about the business plan, he decided to be a part of this mission in personal capacity and help Generic Aadhaar to reach every