Presenting

Tata 1MG

India’s leading digital consumer healthcare platform.

Tata 1mg, previously 1mg, is a healthcare platform based in Gurugram, India. It provides services, including e-pharmacy, diagnostics, e-consultation and health content. It was founded in April 2015 by Prashant Tandon, Gaurav Agarwal and Vikas Chauhan.

HealthTech / MedTech / Healthcare

WEBSITE

https://www.1mg.com/

HEADQUARTERS

Gurgaon, Haryana, , India

COMPANY SIZE

501 to 1000

FOUNDED

3rd Feb 2015

Stories

Stories about Tata 1MG

Khyaal and Tata 1mg Join hands to empower senior citizens with holistic healthcare solutions

Press Trust of India

Awards

Awards and Recognitions

50 Disruptive Startups of India - 2019

A YourStory list of startups in 2019 with groundbreaking ideas that are creating a deep impact.

Started in 2013, 1mg is a healthcare platform covering all health and wellness needs, including consultations through chat, an online pharmacy, and lab tests at home. Its capability to bring all health and wellness needs under one platform has attracted the interest of key investors. According to media reports, 1mg was one of the startups showcased for Bill Gates during his visit to India in November 2019. Gates was keen to become acquainted with startups focusing on healthcare, sanitation, agricultural development, and financial services, and 1mg was among the handful of these startups. 1mg provides a wide range of healthcare services, including the delivery of prescription medicines, facilitation of doctor consultations, diagnostic services, and Ayurveda and Homeopathy medicines. The platform is recognised by the Government of India’s Ministry of Health and Family Welfare. Speaking at YourStory’s flagship event Techsparks 2019, 1mg’s Co-founder Gaurav Agarwal said 85 percent of people do not take the prescribed medicines, follow their diet, or get tests done. 1mg has been trying to understand the human psyche and how to reduce friction and motivate a patient to get better. "Data science is incredibly important for consultations. We use it for disease progression and disease prediction," he said. In June 2019, 1mg raised Series D funding of $70 million from investors such as IFC (the investment arm of the World Bank), Corisol Holdings (European family office), and Zur Rose/ DocMorris, Europe’s largest e-pharmacy, which is the largest shareholder. Going forward, the company aims to personalise care management programmes and expand its ecosystem of partnerships with hospitals, pharmas, governments, and insurance companies. It will also be looking at launching innovative online and offline care-delivery models.

Team

People behind the company

Prashant Tandon

Founder & Chief Executive Officer

Gaurav Agarwal

Co-Founder & Chief Technology Officer

Vikas Chauhan

Co-Founder

Tanmay Saksena

Chief Operating Officer

Mayank Gupta

Chief Financial officer

Funding

Funding Rounds and Investors

OTHER

$40M

Investors

HBM Healthcare Investments AG, MPOF Mauritius, KWE Beteiligung, Tata Digital

6th Sep 2022

VENTURE-ROUND

$10M

Investors

Bill & Melinda Gates Foundation

Jan 2020

SERIES-D

$70M

Investors

Kae Capital, Maverick Ventures, International Finance Corporation, HBM Healthcare Investments AG, Corisol Holding AG, Omidyar Network, Sequoia Capital India

Jun 2019

SERIES-D

$10.3M

Investors

Redwood Global Healthcare Fund

Apr 2019

VENTURE-ROUND

Undisclosed

Investors

Innoven capital

Jan 2019

SERIES-C