1MG Technologies Private Limited

1MG Technologies Private Limited, based in India, is a comprehensive online pharmacy and healthcare platform that provides a wide range of health and wellness products, including pharmaceuticals, lab tests, and professional consultations. Founded in 2015 in South Delhi, India, 1MG Technologies Private Limited operates as an online healthcare platform, offering various health-related products and services. The company was founded by Adhish Majumdar, Gaurav Agarwal, Harshit Agarwal, Manasvi Rudra, Palak Raheja, Prashant Tandon, Rahul Dugar, and Smit Bhavsar. The latest funding round, led by Tata Digital, raised INR 3,250.

10 mn, bringing the total amount raised by the company to INR 3,250. 10 mn, with a current valuation of INR 117,065. 39 mn. Tata 1mg operates as a comprehensive online pharmacy and healthcare platform that offers a wide array of products and services to facilitate health and wellness.

The core offerings include pharmaceuticals, wellness products, lab tests, and consultations with healthcare professionals. Customers can access medicines, nutritional supplements, fitness products, and various health services, all delivered through a user-friendly digital platform. The company primarily serves individuals seeking affordable and reliable healthcare solutions across diverse geographic markets, including urban and semi-urban areas in India. Tata 1mg generated revenue of INR 237,704,805.

30 in the most recent year, 2024, with an EBITDA of INR -26,318,440. 70. The company employs a direct-to-consumer model, facilitating individual purchases of medicines and health products, and may engage in partnerships with healthcare providers and pharmacies to enhance its offerings. 1MG Technologies Private Limited is focused on expanding its product line and geographic reach.

It plans to design and launch new healthcare products, although specific release dates have not been announced. The company is looking to enter new markets within India, targeting expansion efforts in both urban and rural regions. Recent funding from Innoven Capital will be utilized to support these initiatives, enhancing its operational capabilities and market presence.