Tata 1mg

TATA 1mg
TypePrivate
Industry
Founded2015 (2015)
FounderPrashant Tandon
Gaurav Agarwal
Vikas Chauhan
Headquarters
Gurugram, Haryana
,
India
Area served
India
Key people
Prashant Tandon (CEO)
Gaurav Agarwal (CTO)
Vikas Chauhan
Tanmay Saksena (COO)[1]
ProductsMedicine Supply
Healthcare Products
Services
Revenue ₹1,968 crore (US$210 million) (2024) [2]
₹−313 crore (US$−33 million) (2024)
Number of employees
800+ (2021)[3]
ParentTata Digital

Tata 1mg, formerly known as 1mg,[4] is an Indian digital healthcare company headquartered in Gurugram, Haryana. The company provides integrated healthcare services—including e-pharmacy, e-diagnostics, and tele-consultation—through a digital platform and a growing network of physical retail pharmacies and diagnostic laboratories across India.[5][6]

It was founded in April 2015 by Prashant Tandon, Gaurav Agarwal, and Vikas Chauhan.[5][7] the company has since expanded to include speciality care services covering cancer care[8][9] obesity management, and at-home adult vaccination, along with private label health and nutrition products and corporate health and wellness programmes.[10][11]

History

In 2012, BLPL (Bright Lifecare Private Limited) started a digital health platform called HealthkartPlus.[12] In 2015, Healthkart Plus separated from BLPL to form 1MG Technologies Private Limited.[13] Healthkart continued as a platform for fitness and health products; 1mg was a generic drug search business.[14] The Gurugram-based digital health startup maintains an online medicine database with information on side effects and generic substitutes and provides home delivery services for pharmacy, FMCG, and lab tests. In June 2021, Tata Digital Ltd. acquired a 55% stake in 1mg to form Tata 1mg.[15]

In 2023, Tata 1mg overtook PharmEasy as the market leader. PharmEasy's share dropped to 15% from roughly 33% during the same period, while Tata 1mg maintained a 31% market share, up from 19% in October 2022.[16]

In 2024, Tata 1mg and Vitonnix UK jointly introduced Vitamin Sublingual Sprays in Indian market. The first phase of the launch includes Vitamin D, Multivitamins, Biotin, and Melatonin.[17]

In 2024, Tata 1mg appointed Deepa Chadha as its Chief Human Resources Officer.[18]

Partnership

In March 2022, Tata 1mg made a strategic investment in 5C Network for an undisclosed amount.[19] In May 2025, Tata 1mg partnered with Unicommerce to enhance its e-commerce efficiency across over 1,000 cities in India. The collaboration involved the integration of Unicommerce’s SaaS technology to automate multi-channel order management and warehouse operations.[20]

See also

References

  1. ^ Chakraborty, Sayan (3 May 2016). "1mg Technologies appoints former Zomato executive Tanmay Saksena as COO". mint.
  2. ^ "Tata 1mg FY24 results". 27 August 2024.
  3. ^ "1mg". Retrieved 6 July 2021.
  4. ^ "Tata Digital to acquire majority stake in 1MG". The Hindu. 11 June 2021. ISSN 0971-751X. Retrieved 16 August 2021.
  5. ^ a b Narasimhan, T. E. (1 March 2019). "Digital healthcare platform IMG Technologies to raise $70 million". Business Standard India. Retrieved 16 August 2021.
  6. ^ www.ETPharma.com. "Tata 1mg turns Ebitda positive across operations; plans retail network expansion". ETPharma.com. Retrieved 16 June 2026.
  7. ^ Sil, Debarghya (4 November 2020). "Online Medical and Healthcare Platform 1mg Appoints Mayank Gupta as CFO". Entrepreneur. Retrieved 16 August 2021.
  8. ^ "Tata 1mg turns Ebitda positive across core units as diagnostics crosses Rs 600 crore in ARR". The Economic Times. 27 May 2026. ISSN 0013-0389. Retrieved 16 June 2026.
  9. ^ "A Prescription Of Trust | Tata group". www.tata.com. Retrieved 16 June 2026.
  10. ^ Sarkar, Subhojit (27 May 2026). "Tata 1mg turns Ebitda positive across all core businesses in FY26". Fortune India. Retrieved 16 June 2026.
  11. ^ Livemint (27 January 2022). "Mahindra Insurance Brokers partners Tata 1mg for wellness solutions | Company Business News". mint. Retrieved 16 June 2026.
  12. ^ Narasimhan, T. E. (1 March 2019). "Digital healthcare platform IMG Technologies to raise $70 million". Business Standard India. Retrieved 26 July 2021.
  13. ^ Verma, Shrutika (20 April 2015). "Healthkart gets $6 million for spun-off 1MG". mint. Retrieved 26 July 2021.
  14. ^ "Healthkart Separates & Rebrands HealthkartPlus To 1MG, Gets $6 Mn For The Newly Formed Entity". Inc42 Media. 20 April 2015. Retrieved 16 August 2021.
  15. ^ "E-health Startup 1mg Gets A $15 Million Booster Dose In Funding". Forbes India. Retrieved 16 August 2021.
  16. ^ Web Team, BS (16 November 2023). "Tata 1mg overtakes PharmEasy as leaders in India's e-pharmacy market". Business Standard.
  17. ^ "Tata 1mg & Vitonnix UK enter exclusive partnership in India". The Statesman. 10 January 2024. Retrieved 10 January 2024.
  18. ^ "ETHRWorld". ETHRWorld.com. 13 December 2024. Retrieved 8 June 2025.
  19. ^ "Tata1mg makes strategic investment in diagnostic platform 5C Network | Company Business News". mint. 16 March 2022. Retrieved 5 June 2026.
  20. ^ "Tata 1mg partners with Unicommerce to boost e-commerce efficiency across 1000 cities". MediaBrief. 21 May 2025. Retrieved 8 June 2025.
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