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Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo

1Sep By AnkitaNo Comments

ACQUISITION

Sequoia Capital Backed 1mg Acquires Varanasi Based Dawailelo

Sequoia Capital-backed online pharmacy 1mg has recently acquired Varanasi-based startup Dawailelo. The terms of the deal were not disclosed. “We are very keen on building a pan-India presence rapidly,” said Prashant Tandon, CEO of Gurgaon-based 1mg, which is pushing to expand operations in tier-II and -III cities. “The team at Dawailelo has done a great job understanding the requirements of the customers and has created a unique model that has shown great promise for tier II and III cities.” Founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013, Dawailelo is a healthcare startup which helps people connect with medical stores, doctors, pathology labs through its website and app. The startup has huge potential, realizing which Pixr8 covered their story while they were still in t...

Online retailers like Paytm and 1mg Offer Discounts Ahead of GST

15Jun By AnkitaNo Comments

News

Online retailers like Paytm and 1mg Offer Discounts Ahead of GST

Online retailers like Paytm are offering special discounts to consumers to ensure that their sellers stock is cleared before the GST tax regime sets in from next month. Paytm has a Pre-GST Sale going on, hosting over 6,000 retailers across more than 500 brands. Consumers can get discounts and cashback on a range of product categories like TV, laptops, mobile phones, ACs, refrigerators, DSLRs and footwear, among other items. "This sale has come at an opportune time for offline retailers who are looking to offload their entire inventory before the new tax rates become effective," Paytm said in an emailed response of Pixr8. Even online drug marketplace, 1mg has joined the bandwagon. "Due to GST, there may be shortage of medicines in July. Stock medicines@20 per cent off on 1mg.com to ...

1mg Acquires Mumbai Based Online Consult Platform MediAngels

15Dec By NitishNo Comments

ACQUISITION

1mg Acquires Mumbai Based Online Consult Platform MediAngels

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 ecosyste...

1mg Acquired Medd For An Undisclosed Amount!

5Jul By RishabhNo Comments

ACQUISITION

1mg Acquired Medd For An Undisclosed Amount!

Sequoia Capital backed 1mg, an online pharmacy with a wide range of prescription and OTC medicines announced on Monday that it has acquired Medd, which is a marketplace for booking diagnostic and imaging tests. The inside details about the detail are yet undisclosed! (more…)

31May By PriyankaNo Comments

FUNDING

1mg Raises Additional Series B Funding From HBM Healthcare

1mg, India’s leading consumer health platform, has raised has raised an undisclosed amount of additional Series B funding from HBM Healthcare Investments AG, the company said in a statement. In April, the company raised Rs.100 crore in the Series B round from Maverick Capital Ventures, the venture capital (VC) arm of US-based hedge fund Maverick Capital Ltd, besides existing investors Sequoia Capital and Omidyar Network. 1mg initially raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip. The funding will help 1mg fend off competition from rivals such as Sequoia Capital-backed Practo Technologies Pvt. Ltd, which has so far raised $124 million from investors such as Tencent Holdings Ltd, Sofina SA, Google Capital ...

Exclusive Interview with 1mg Team After 100 crores Series B Funding

22Apr By NitishNo Comments

Story

Exclusive Interview with 1mg Team After 100 crores Series B Funding

1mg, India’s leading consumer health platform, announced a 100 Cr Series B investment led by Maverick Capital Ventures, the venture capital fund affiliate of Maverick Capital. Looking the deal size and work-force 1mg seems a clear leader in the digital health market in India. Founded by Prashant Tondon, Gaurav Agarwal, Vikas Chauhan and Started as HealthKartPlus, 1mg grew to become the “Wikipedia” of medicine information, highlighting saving potential of ~70-80% on medicine costs by considering alternate brands for the same generic salt and creating transparency for the consumer in an otherwise very opaque and hard to understand market. To know more about this startup, we request 1mg team for an exlusive interview regarding their recent success and future strategies. Here is what the...

India’s drug stores plan protest against online pharmacy

10Oct By AnkitaNo Comments

News

India’s drug stores plan protest against online pharmacy

Reuters- As many as 850,000 small chemist shops in India will shut for a day next week to protest against a burgeoning online pharmacy industry that is attracting big money backers. The one-day nationwide strike on Oct. 14, called by the All India Organization of Chemists and Druggists (AIOCD) comes as a government panel started working on regulations for the sector. Healthcare provider Apollo Hospitals Enterprise Ltd plans to start online drug sales in India, while Zigy, and Sequoia Capital-backed 1mg already have e-pharmacies to tap a retail market IMS Health says is worth about $13 billion. (more…)