StageUnattributed VC | Alive
Last Raised$40M | 9 mos ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
1mg operates an online consumer wellness store. The company's platform provides products for diabetes, bodybuilding supplements, home medical and baby products, elderly care, nutrition, personal care, chronic care, vision care, and skincare. The company was founded in 2015 and is based in Gurgaon, India. In June 2021, Tata Group acquired a majority stake in 1mg. The terms of the transaction were not disclosed.
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1mg's Products & Differentiators
ePharmacy - consumer and supply chain platform
Tata 1mg is India’s leading Digital Healthcare platform working towards the vision of making healthcare understandable, accessible, and affordable for consumers across India. The company’s key business is delivery of outpatient health services, including supply of medicines, at home diagnostics tests and online consultations. The company serves its customers through a robust supply chain network of 28 fulfillment centers and 15 retail stores (recently launched and expanding). The pharmacy delivery network covers over 20,000 pin codes across India.
Research containing 1mg
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned 1mg in 4 CB Insights research briefs, most recently on Oct 28, 2022.
Expert Collections containing 1mg
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
1mg is included in 3 Expert Collections, including E-Commerce.
We define wellness tech as companies developing technology to help consumers improve their physical, mental, and social well-being. Companies in this collection play across a wide range of categories, including food and beverage, fitness, personal care, and corporate wellness.
Latest 1mg News
Apr 28, 2023
‘Few acquisitions will be done’: N Chandrasekaran gives a peek into Tata Group’s semiconductor plans ‘Few acquisitions will be done’: N Chandrasekaran gives a peek into Tata Group’s semiconductor plans BT MindRush 2023: During the interview, N Chandrasekaran said that the group’s plan to manufacture semiconductors in India is very much on but is likely to take a little time. N Chandrasekaran at BT MindRush 2023 Tata Sons Chairman N Chandrasekaran spoke at length about the conglomerate’s plans when it comes to acquisitions. The company had acquired startups such as BigBasket and 1MG as well as legacy airline Air India, among many others. Chandrasekaran also said that there are further plans for acquisitions, including in the semiconductor space. When asked if the Air India acquisition will be the guiding principle in their acquisition plans and whether there will be a mix of organic and inorganic acquisitions, Chandrasekaran said, “Tata Steel has done 3-4 acquisitions. We have done it in consumer companies, digital companies also. We will do what is right. Where it is organic, we will go organic. Where there’s an opportunity for inorganic, we will definitely lap it up.” He also said that they are looking for more acquisitions in the semiconductor space. “Even in our manufacturing semiconductor journey we are looking at acquisitions – a few acquisitions will be done,” the Tata Sons Chairman told Business Today Editor Sourav Majumdar. During the interview, Chandrasekaran said that the group’s plan to manufacture semiconductors in India is very much on but is likely to take a little time. “We will start with manufacturing. Then we'll get into assembly and packaging, then the next stage will be semiconductor testing. Then fabless, we will do the design. And then and then we get into the fab. That are the stages of integration we will go through, but probably not for a very long period, probably a much shorter cycle,” explained Chandrasekaran. He said that they need to make sure that they are doing the right thing and are investing in the right node. All in all, the company has plans to invest $90 billion, out of which up to 70 per cent will be in India. He also spoke about the acquisitions of BigBasket and 1MG and how the group managed to get the entrepreneurs who started them to be part of Tata. “They are fine talents, I mean take Hari Menon or Vipul (Parekh) in BigBasket. They are one of the best leaders you can find ever. So, we are fine. We are fine to work with them. We have integrated them in the company, and they see they have the freedom to run the operation and at the same time they see the larger picture. So, it is fine. Similarly, Prashant (Tandon) does a great job in 1MG, and that’s fine,” he said.
1mg Frequently Asked Questions (FAQ)
When was 1mg founded?
1mg was founded in 2015.
Where is 1mg's headquarters?
1mg's headquarters is located at 5th Floor Tower – B of The Presidency Building, Gurgaon.
What is 1mg's latest funding round?
1mg's latest funding round is Unattributed VC.
How much did 1mg raise?
1mg raised a total of $188.13M.
Who are the investors of 1mg?
Investors of 1mg include HBM Healthcare Investments, KWE Beteiligungen, Mauritius Africa Fund, Rubal Jain, Vardaan Sharma and 26 more.
Who are 1mg's competitors?
Competitors of 1mg include Redcliffe Labs, Healthians, SastaSundar, Practo Technologies, PharmEasy and 9 more.
What products does 1mg offer?
1mg's products include ePharmacy - consumer and supply chain platform and 1 more.
Compare 1mg to Competitors
Practo Technologies is a healthcare services platform. It provides a practice management and appointment scheduling software for doctors and clinics, as well as a hospital information management solution. It was founded in 2008 and is based in Bengaluru, India.
PharmEasy delivers an online platform for ordering medicines and healthcare products. It also offers lab tests, surgery, woman's care products, covid care, consultation services, and more. The company was founded in 2015 and is based in Mumbai, India.
Apollo 247 is the digital business unit of Apollo Hospitals. Apollo 247 helps individuals get treated from Apollo certified doctors. The mobile app has features like E- consultation, online pharmacy, home diagnostic test and digital vault where users can upload all their medical history.
eVital develops cloud-based applications for independent healthcare practitioners like pharmacists, labs, and doctors. The idea is to have all the applications (Mobile and Web) based on the same cloud-platform, such that patients can access all the records from a single interface.
Sevamob provides an artificial intelligence (AI) assisted disease management platform. The platform uses deep learning (DL), machine learning (ML), and computer vision to predict medical conditions from symptoms, consultation for diet, point-of-care screening for blood, vision and sputum, and more. It was founded in 2014 and is based in Lucknow, India.
Wellness Seekers Academy offers curated programs, workshops, and online courses to address the holistic wellness needs of individuals, institutions, organizations, and states. The programs offered include credit-based academic courses, online wellness courses, impact assessment toolkits, and research-based holistic programs. Wellness Seekers Academy was founded in 2022 and is based in South Delhi, India.
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