The online pharmacy network and drug data provider HealthKartPlus has decided to take the business forward with a new identity â1mgâ hereafter. With this, the company also confirmed that it has received a fresh funding of US$ 6 million from Deep Kalra, founder of MakeMyTrip and other investors Omidyar Network, Intel Capital, Sequoia Capital and Kae capital.
According to Prashant Tandon, founder 1mg it is a perfect example of how a technology product can address multiple unsolved problems in healthcare space by bringing the power of information in the hands of the consumers.
Shailesh Lakhani, Managing Director, Sequoia Capital said, âWe have seen HealthKartPlus now called 1mg, grow rapidly from a powerful concept to a full-fledged business entity that is now ready to scale on its own. There are a lot of interesting trends coming up in the m-health space across the world and we are confident that 1mg is a pioneering & promising product in this space.
Deep Kalra, founder MakeMyTrip says, “1mg has a tremendous potential to be a significant player in the m-health space, one of the largest opportunity areas that is waiting to be tapped aggressively.â