1mg

company

About

1mg is an online pharmacy network platform and generic medicine engine.

  • 51 - 100

Details

Last Funding Type
Series D
Last Funding Money Raised
$70M
Industries
Delivery,E-Commerce,Health Care,Medical,Pharmaceutical
Founded date
Feb 3, 2015
Number Of Employee
51 - 100
Operating Status
Active

1mg is a digital consumer healthcare platform that makes healthcare accessible, understandable, and affordable. It allows users to find information about medicines prescribed by doctors and also buy it. Users can find drugs by ailments, class, companies, and brands. Its doctor platform aims to transform how to find the right healthcare professional for a consumers' needs. Its diagnostics service brings transparency and price-effectiveness to lab tests.

The company empowers Indian consumers and caregivers to select the appropriate healthcare service at the best possible price. 1mg was launched in 2015 and its operations are headquartered in Gurgaon, Haryana, India.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$138.12M
1mg has raised a total of $138.12M in funding over 2 rounds. Their latest funding was raised on Sep 6, 2022 from a Funding Round round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 6, 2022 Funding Round $40M 2 Detail
Jul 3, 2020 Debt Financing $17.80M 2 Detail
Jun 28, 2019 Series D $70M 1 Detail
Apr 5, 2019 Series Unknown $10.32M 1 Redwood Global Healthcare Fund Detail
Jan 1, 2019 Series Unknown 1 InnoVen Capital Detail

Investors

Number of Lead Investors
Number of Investors
2
5
1mg is funded by 5 investors. Redwood Global Healthcare Fund and InnoVen Capital are the most recent investors.
Investor Name Lead Investor Funding Round
Redwood Global Healthcare Fund Yes Series Unknown
InnoVen Capital Yes Series Unknown
MAF Mauritius Funding Round
MPOF Mauritius Funding Round
Sequoia Capital Series D