How 1mg Became India’s Most Trusted Online Pharmacy

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The founder of 1 Mg, Prashant Tandon, graduated from IIT Delhi and has worked for several healthcare startups for the past two decades. He set up 1 Mg to make online prescription filling easier. The company started with just three employees, but has since grown to over 200. In 2013, the company launched its first website and mobile app for iOS devices. Read on to find out how 1 Mg has earned its spot in the top three online pharmacies in India.


Tata 1mg ranks among the top three online pharmacies

Listed in the top three in India by total income, Tata 1mg is one of the fastest growing e-pharmacies. In FY19, the company’s total income was nearly 158% higher than the previous year, when it had just 19 Cr. However, the company’s expenses rose 14% year-on-year, and its net loss was $299 Cr. Despite these high profits, Tata 1mg is a long way away from becoming the first Indian e-pharmacy.

In addition to its online pharmacy, Tata 1mg also has 3 diagnostics labs and a supply chain covering more than 20,000 pin codes in India. The company also has a B2B business that distributes health and wellness products. Its investment in 1mg’s operations is part of Tata Digital’s broader strategy to build an ecosystem that addresses the needs of consumers across categories. The company has made e-pharmacy an important part of that vision. Other rapidly growing segments include teleconsultation and e-diagnostics.

The deal will further boost Tata Digital’s healthcare business. In the coming years, the company will focus on technology and innovation, and will develop new platforms and models to address the changing needs of the consumers. During the next two months, it plans to raise another $200 million. Until this time, 1mg was valued at $242 million. Tata Digital will also invest $75 million in health and fitness startup CureFit. It has also named CureFit co-founder Mukesh Bansal as its president.

Netmeds is India’s first mega online pharmacy. It offers a full range of prescription and over-the-counter medicines. The company’s mission is to provide convenient access to everyday medicines for Indian consumers. The company has over 3 million registered users. The company’s app offers unparalleled navigation and transaction security. In addition, it offers its customers a convenient, easy-to-use experience.


It offers fast and reliable delivery

One of India’s largest online pharmacies, 1mg Pharmacy, is bringing the convenience of express delivery to the country. The company has already begun offering this service in parts of Delhi and Gurugram. They plan to expand this service across the country. The website’s quick turnaround time is the main factor that makes it stand out in the industry. One of the most attractive aspects of 1mg is its reliability. With a five-day delivery time guarantee, customers are assured of the same-day delivery as the pharmacy would if they had ordered online.

The company started in the year 2015 to address the problem of inaccessible healthcare and medicine information. They currently operate in over a thousand cities in India. They are backed by a strong team of Angel Investors and Venture capitalists. The company has partnered with registered medicine suppliers and takes a commission on the type of medicines that are ordered. They are also backed by an impressive team of founders who believe in patient-centric design.

Customers can cancel an order online up until the product is dispatched. Returns are welcome if the medicine is expired or no longer works. To return a product, contact the 1mg customer care team. A refund will be given after the company verifies the returned product. A refund is available within 30 days. One can also use 1mg coupons for free delivery. All of these benefits make 1mg a great choice for pharmacies.

Another great feature of 1mg Pharmacy is their mobile app. It is available for Android and iOS devices, and has received an excellent rating on Google Play. It has a large database of over 100,000 drugs and their associated side effects. In addition to the convenient mobile app, you can also access detailed health tips from eminent physicians. The company is committed to ensuring a fast and reliable delivery service. Its mobile pharmacy is available in many cities in India.

With its fast and reliable delivery, One Mg Pharmacy has earned a place in India’s healthcare market. With its focus on quality and affordability, this online pharmacy has become one of the most trusted online pharmacies in India. The website is accredited by LegitScript, which demonstrates its high level of quality and authenticity. This allows consumers to feel confident that their online purchase will be safe and efficient. All of Onemg’s products are certified by the company.
It has three state-of-the-art diagnostics labs

Tata 1mg, India’s largest digital health platform, has announced the launch of its first Reference Lab in Delhi. With the support of Tata Digital, this lab is able to process over four thousand tests per hour. With an extensive network of eight diagnostic labs across the country, 1mg has already established itself as one of the leading players in the diagnostics sector.

One of the companies that is part of the acquisition, Greenleaves Diagnostic Laboratory, specializes in molecular diagnostic testing. The lab conducts advanced molecular diagnostics for clinical laboratories and pharmaceutical companies. It also performs diagnostic tests within complex preclinical studies. The company also develops novel diagnostic assays. Its diagnostics labs are equipped with the latest technology and equipment.


It has a supply chain covering over 20,000 pin codes

Tata Digital, a subsidiary of Tata Sons Private Ltd, has entered the health sector by acquiring a majority stake in 1MG Technologies Private Ltd. 1MG is a leader in the eHealth space, providing easy access to a range of products. The company provides diagnostic services, tele-consultation, and runs three state-of-the-art diagnostics labs. 1MG has a supply chain covering more than 20,000 pin codes in India. The acquisition of 1MG by Tata Digital will further strengthen Tata’s position in providing superior customer experience.

While most e-pharmacy firms earn a large part of their revenues through the delivery of medicines to chronic patients, 1mg has focused on growing its verticals. It generated Rs 358 crore of revenue in the fiscal year 2020, up from Rs 202 crore in the prior year. But its losses increased to Rs 318 crore in FY20, from Rs 298 crore a year ago. The company hasn’t released its financials for FY21, so there are no estimates yet.

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