Tata 1mg

Tata 1mg, previously 1mg,[2] is a healthcare platform based in Gurgaon, India. It provides services, including e-pharmacy, diagnostics, e-consultation and health content. It was founded in April 2015 by Prashant Tandon, Gaurav Agarwal and Vikas Chauhan. [3][4]

TATA 1mg
TypePrivate
Industry
Founded2015 (2015)
FounderPrashant Tandon
Gaurav Agarwal
Vikas Chauhan
Headquarters
Gurgaon, Haryana
,
India
Area served
India
Key people
Prashant Tandon (CEO)
Gaurav Agarwal (CTO)
Vikas Chauhan
Tanmay Saksena (COO)
ProductsMedicine Supply
Healthcare Products
Services
Number of employees
800+ (2021)[1]
ParentTata Digital (Majority stake)

History

In 2012, BLPL (Bright Lifecare Private Limited) started a digital health platform called HealthkartPlus.[5] In 2015, Healthkart Plus separated from BLPL to form 1MG Technologies Private Limited.[6] Healthkart continued as a platform for fitness and health products, 1mg was a generic drug search business. The primary goal of 1mg is to make healthcare accessible and economical.[7] The Gurugram based digital health startup maintains an online medicine database with information on side effects; generic substitutes, and provides home delivery services for  pharmacy, FMCG and lab tests. In June 2021, Tata Digital Ltd, acquired 55% stake in 1mg to form Tata 1mg.[8]

Acquisitions/Partnerships

In 2016, 1mg acquired Medi Angles, a company involved in medical insurances and corporate health, and Medd.in, an online marketplace to book diagnostic and imaging test.[9] In 2017, 1mg acquired Homeobuy, online homeopathic drug store and rebranded it as 1mg Ayush.[10] It deals with homeopathic and ayurvedic medicines. In 2017, 1mg expanded its operations in tier-I and tier-II cities by acquiring Dawailelo (a Varanasi based start-up).[11] In 2018, 1mg acquired LFS Healthcare Private Limited (Droplet) and Delhi Mediart Private Limited (DMPL). DMPL provided wholesale trading of pharmaceuticals and healthcare products. These became wholly-owned subsidiaries of 1mg. [3]

Also Read

References
  1. "1mg". Retrieved 6 July 2021.
  2. "Tata Digital to acquire majority stake in 1MG". The Hindu. Special Correspondent. 2021-06-11. ISSN 0971-751X. Retrieved 2021-08-16.{{cite news}}: CS1 maint: others (link)
  3. Narasimhan, T. E. (2019-03-01). "Digital healthcare platform IMG Technologies to raise $70 million". Business Standard India. Retrieved 2021-08-16.
  4. Sil, Debarghya (2020-11-04). "Online Medical and Healthcare Platform 1mg Appoints Mayank Gupta as CFO". Entrepreneur. Retrieved 2021-08-16.
  5. Narasimhan, T. E. (2019-03-01). "Digital healthcare platform IMG Technologies to raise $70 million". Business Standard India. Retrieved 2021-07-26.
  6. Verma, Shrutika (2015-04-20). "Healthkart gets $6 million for spun-off 1MG". mint. Retrieved 2021-07-26.
  7. "Healthkart Separates & Rebrands HealthkartPlus To 1MG, Gets $6 Mn For The Newly Formed Entity". Inc42 Media. 2015-04-20. Retrieved 2021-08-16.
  8. "E-health Startup 1mg Gets A $15 Million Booster Dose In Funding". Forbes India. Retrieved 2021-08-16.
  9. Chopra, Arushi (2016-12-15). "E-pharmacy 1mg Technologies buys MediAngels". mint. Retrieved 2021-04-29.
  10. Chakraborty, Sayan (2015-06-24). "Healthkart's 1mg acquires Homeobuy". mint. Retrieved 2021-08-16.
  11. Khan, Taslima. "Sequoia Capital backed 1mg acquires Dawailelo". The Economic Times. Retrieved 2021-08-16.
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