About Tata 1mg
Tata 1mg is a company based in Delhi (India) founded in 2015 by Gaurav Agarwal and Prashant Tandon was acquired by Tata in May 2021.. Tata 1mg has raised $194 million across 10 funding rounds from investors including International Finance Corporation, Kae Capital and Gates Foundation. Tata 1mg has completed 6 acquisitions, including 1mgayush, Dawailelo and Droplet. Tata 1mg operates in a competitive market with competitors including Netmeds, Truemeds, PharmEasy, MedPlus and SastaSundar, among others.
- Headquarter Delhi, India
- Founders Gaurav Agarwal, Prashant Tandon
- Stage Unicorn
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Sectors
Healthcare
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Email
***********
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Phone
*********
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Website
*********
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Social
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$194 M (USD)
in 10 rounds
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Latest Funding Round
$40.82 M (USD), Series D
Sep 02, 2022
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Investors
International Finance Corporation
& 25 more
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Employee Count
Employee Count
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Investments & Acquisitions
1mgayush
& 5 more
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Acquired by
Tata
(May 14, 2021)
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Product Management Team
41 people
Software Development Team
36 people
Leadership Team
29 people
Operations Team
12 people
Data Analysis and Operations Team
10 people
Senior Team
9 people
Assistant Team
6 people
Manager Team
6 people
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Funding Insights of Tata 1mg
Tata 1mg has successfully raised a total of $194M across 10 strategic funding rounds. The most recent funding activity was a Series D round of $40.82 million completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series D — $40.8M
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First Round
First Round
(20 Apr 2016)
- Investors Count 26
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series D - Tata 1mg | Valuation | KWE | |
| Apr, 2021 | Amount | Debt – Conventional - Tata 1mg | Valuation |
investors |
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| Apr, 2021 | Amount | Series D - Tata 1mg | Valuation | HBM Healthcare Investments |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Tata 1mg
Tata 1mg has secured backing from 26 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include International Finance Corporation, Kae Capital and Gates Foundation. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Life sciences focused VC firm funding companies in the US and Europe
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Founded Year | Domain | Location | |
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Private equity investments in African markets are managed.
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Founded Year | Domain | Location | |
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Venture capital investments are focused on healthcare tech startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Tata 1mg
Tata 1mg has strategically engaged in corporate development activities, having acquired 6 companies. Notable acquisitions include 1mgayush, Dawailelo and Droplet. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Home pathology samples are collected and diagnostic tests are provided.
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2015 | ||||
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Compare & Book diagnostic test centers
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2015 | ||||
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Homeopathic medicines are sold online and delivered to multiple locations.
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2014 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Tata 1mg
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Tata 1Mg Comparisons
Competitors of Tata 1mg
Tata 1mg operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Netmeds, Truemeds, PharmEasy, MedPlus and SastaSundar, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Provider of an online store for medicines and healthcare products
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and telehealth platform
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| domain | founded_year | HQ Location |
Provider of an online pharmacy and healthcare platforms
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| domain | founded_year | HQ Location |
Medicines and health products are retailed through pharmacy outlets.
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| domain | founded_year | HQ Location |
An online marketplace for healthcare products is operated.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Tata 1mg
When was Tata 1mg founded?
Tata 1mg was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is Tata 1mg located?
Tata 1mg is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
Who is the current CEO of Tata 1mg?
Prashant Tandon is the current CEO of Tata 1mg. They have also founded this company.
Is Tata 1mg a funded company?
Tata 1mg is a funded company, having raised a total of $194M across 10 funding rounds to date. The company's 1st funding round was a Series D of $514.51K, raised on Apr 20, 2016.
What does Tata 1mg do?
Provider of an online pharmacy with doctor listing and teleconsultation services. It offers pharmacy store where the user to view medicines, compare prices, and purchase online. The user can also upload prescriptions for placing the order. It provides an online doctor consultation and lab test platform that allows users to search for doctors and book appointments. The platform sells fitness supplements, healthcare products, healthcare devices, and alternate medicines.
Who are the top competitors of Tata 1mg?
Tata 1mg's top competitors include SastaSundar, PharmEasy and MedPlus.
How many acquisitions has Tata 1mg made?
Who are Tata 1mg's investors?
Tata 1mg has 26 investors. Key investors include International Finance Corporation, Kae Capital, Gates Foundation, Peak XV Partners, and Tata.
What is Tata 1mg's valuation?
The valuation of Tata 1mg is $1.27B as of Sep 2022.