Maverick Capital Ventures

E-pharmacy startup 1mg Technologies has raised $15 million funding in Series C from a clutch of investors, led by global healthcare focused fund HBM Healthcare Investments. This round of investment also saw participation from existing investors- Sequoia Capital, Maverick Capital Ventures, Omidyar Network and Kae Capital. The funds raised will be used by 1mg to launch predictive healthcare and corporate wellness products. “1mg was HBM’s first investment in a digital health platform in India and we are very encouraged about the prospects of the company, given the tremendous progress across all dimensions over the past year,” said Andreas Wicki, chief executive officer of Switzerland-based HBM Healthcare. HBM had first invested in 1mg in May 2016 as a part of a top-up round following ...

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...

Tag: Maverick Capital Ventures

Digital Health Platform 1mg Raises $15 Mn Series C Funding

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