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1mg

1mg.com

Founded Year

2015

Stage

Unattributed VC | Alive

Total Raised

$188.13M

Valuation

$0000 

Last Raised

$40M | 9 mos ago

Revenue

$0000 

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

About 1mg

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.

Headquarters Location

5th Floor Tower – B of The Presidency Building 46/4 Mehrauli Gurgaon Road, Sector 14

Gurgaon, 122001,

India

+91 124 416 6666

1mg's Product Videos

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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.

E

E-Commerce

10,327 items

W

Wellness Tech

1,370 items

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.

D

Diabetes

2,045 items

Latest 1mg News

‘Few acquisitions will be done’: N Chandrasekaran gives a peek into Tata Group’s semiconductor plans

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.

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