• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Saturday, June 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Business

1mg Technology Acquires Rs 100 Crore In its Series B Round Of Funding

by Nitin Konde
April 20, 2016
in Business, News
Reading Time: 2 mins read
0
1mg Technology Acquires Rs 100 Crore In its Series B Round Of Funding
TwitterWhatsappLinkedin

Rupee-Thinkstock

You might also like

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

20 April, 2016, Bangalore: Concluding its recent series B funding round, healthcare startup, 1mg Technology has managed to raise Rs 100 crore funding. The round was headed by Maverick Capital Ventures, the venture capital arm of US-based hedge fund Maverick Capital and by its existing investors Sequoia Capital and Omidyar Network. The company had released a statement confirming the aforementioned information.

Earlier, the company had raised US $6 million funding from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip. Company is planning to utilise the raised amount in enhancing and expanding its online pharmacy and diagnostics verticals. A part of the funds will also be deployed in launching health products such as smart prescriptions and personalised health feeds for consumers.

Commenting on the development, Prashant Tandon, Co-Founder and Chief Executive, 1mg Technology, said, “India has one of the highest populations of chronic patients in the world and yet access to quality and affordable healthcare is limited. Our app allows customers to access knowledge about substitutes that can often save 80-90 per cent on healthcare bills. Additionally our e-pharmacy platform enables users to transact and purchase these medicines and have them home-delivered. Our more recently launched e-diagnostics service aims to bring a similar transparency to the lab tests market.”

Image-financialexpress.com

Also Read-

Intel To Layoff 11% Of Its Workforce

eBay Enterprise merges to become Radial

Tags: 1mg TechnologyDeep KalraIntel CapitalMakeMyTripMaverick CapitalOmidyar NetworkPrashant TandonSequoia Capital
Tweet54SendShare15
Previous Post

Why You Have To Register Your Startup As LLP !

Next Post

Fashalot Gets Backing From YourNest Angel Fund

Nitin Konde

Recommended For You

Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

by Harikrishnan A
June 21, 2025
0
Eutelsat’s Shares Skyrocket as France Leads €1.35 Billion Investment in Satellite Future

Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday. The rally came right after the company announced it had...

Read more

Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

by Harikrishnan A
June 21, 2025
0
Decade-Old Torrent Site Lands Greek Man in Prison Amid Renewed Piracy Crackdown

In a courtroom in Piraeus, Greece, silence quickly turned to shock when three police officers stepped forward, handcuffed a 59-year-old man, and led him away. Moments earlier, the...

Read more

Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

by Harikrishnan A
June 21, 2025
0
Residential Solar Industry Faces Major Setback as Tax Credit Cuts and Economic Pressures Threaten Future

Once seen as a shining symbol of clean energy progress in the U.S., the residential solar industry is now battling to stay afloat. Just a few years ago,...

Read more
Next Post
Fashalot Gets Backing From YourNest Angel Fund

Fashalot Gets Backing From YourNest Angel Fund

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?