Online pharmacy startup Tata 1mg raised $40 million in a funding round led by Tata Digital

Share via:

Online pharmacy startup Tata 1mg raised $40 million in a funding round led by Tata Digital where KWE Beteiligungen AG, HBM Healthcare Investments, among others also participated andbecome the country’s 107th unicorn.

Tata 1mg was established to provide medicine delivery, health and wellness products, diagnostic services, and doctor consultation. During the pandemic, it grew as more customers turned to online platforms for medicine delivery and medical tests. Tata 1mg claims to have a supply chain that spans over 20,000 postal codes in India. The Indian healthtech market is expected to reach $21 billion by 2025, growing at a 26% CAGR. By 2025, the telemedicine and online pharmacy subsectors are expected to generate $5.4 billion and $4.2 billion in revenue, respectively.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Online pharmacy startup Tata 1mg raised $40 million in a funding round led by Tata Digital

Online pharmacy startup Tata 1mg raised $40 million in a funding round led by Tata Digital where KWE Beteiligungen AG, HBM Healthcare Investments, among others also participated andbecome the country’s 107th unicorn.

Tata 1mg was established to provide medicine delivery, health and wellness products, diagnostic services, and doctor consultation. During the pandemic, it grew as more customers turned to online platforms for medicine delivery and medical tests. Tata 1mg claims to have a supply chain that spans over 20,000 postal codes in India. The Indian healthtech market is expected to reach $21 billion by 2025, growing at a 26% CAGR. By 2025, the telemedicine and online pharmacy subsectors are expected to generate $5.4 billion and $4.2 billion in revenue, respectively.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Best 65 inch TVs in July 2025 offering brilliant...

If you love movie nights, sports marathons, or...

OnePlus Nord 5, Nord CE 5 launched in India:...

OnePlus has launched two new mid-range phones, the...

Epic Games settles lawsuit against Samsung over app controls

Samsung has settled claims that it conspired with...

Popular

Upcoming Events

Twitter founder Jack Dorsey launches Bitchat, a decentralised messaging...

Jack Dorsey, the founder of Twitter, has developed...

VCs back AI startups to shake up Indian IT...

A new wave of AI-first startups is catching...

Mastodon’s latest update readies the app for Quote Posts,...

Mastodon, the open-source, decentralized social network offering an...
iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv iptv
IPTV IPTV IPTV IPTV IPTV IPTV IPTV