Tata 1MG

Intro and history: Tata 1MG, previously known as 1MG, is an Indian healthcare company founded in 2015 by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan. The company started as HealthKartPlus, a subsidiary of HealthKart, but later rebranded to 1MG. In 2021, Tata Group acquired a majority stake in the company, renaming it to Tata 1MG. Industry: Healthcare and Pharmaceuticals Product, Services and Operations: Tata 1MG operates in the online pharmacy sector, providing services like online medicine ordering, lab tests booking, and doctor consultations. It also offers information about medicines, including their uses, side effects, and interactions. Funding Details: Tata 1MG has raised over $191 million in funding over 8 rounds. Their latest funding was raised on Jun 10, 2021, from a Secondary Market round. Acquisitions: Tata 1MG has made 2 acquisitions. Their most notable acquisition was Medd on Jul 5, 2016. Awards and Achievements: Tata 1MG was awarded the BML Munjal Award for 'Business Excellence through Learning and Development' in 2018 and the 'Best Online Pharmacy in India' award by Frost & Sullivan in 2019.