Indian online pharmacy startup 1mg Technologies Pvt. Ltd has acquired Mumbai-based MediAngels for an undisclosed amount in cash and stocks to enter specialty doctor consultations, corporate health services and insurance partnerships.
“Our consumers can now access a deep network of over 450 super specialists across India and the world, and we also get an entry into the corporate health space through this platform,” 1mg’s co-founder Prashant Tandon said in a statement on Wednesday.
Founded in 2011 by Arbinder Singhal and Debraj Shome, MediAngels is a platform for patients to seek online consultations for specialized medical cases in cardiology, cancer, neurosurgery, orthopedics and pediatrics, among other areas, from its network of doctors covering 93 specialties.
“Within 1mg ecosystem, we plan to scale up second opinions and drive B2B engagements with more insurers and corporates. Our robust technology tools will help them optimize employee benefits spends on healthcare and to have a healthier workforce,” said Singhal.
With this acquisition, 1mg’s employee strength will increase to 301. MediAngels, which has a team of 10-15 people, will continue to build the doctor network and B2B health services for the corporate users in Mumbai