Tata 1mg: Difference between revisions
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== Acquisitions/Partnerships == |
== Acquisitions/Partnerships == |
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In 2016, 1mg acquired Medi Angles, a company involved in medical insurances and corporate health.<ref>{{Cite web|last=Chopra|first=Arushi|date=2016-12-15|title=E-pharmacy 1mg Technologies buys MediAngels|url=https://www.livemint.com/Companies/3bnLrTx1Yn7HUGNmwAUOxJ/Epharmacy-1mg-Technologies-buys-MediAngels.html|access-date=2021-04-29|website=mint|language=en}}</ref>Tata group, in 2021, became a 55% shareholder in 1mg.<ref>{{Cite web|date=2021-02-17|title=Tata Group to acquire majority stake in BigBasket for over Rs 9,000 crore|url=https://www.thenewsminute.com/article/tata-group-acquire-majority-stake-bigbasket-over-rs-9000-crore-143606|access-date=2021-04-29|website=The News Minute|language=en}}</ref> The company also partnered with Fliplart in past.<ref>{{Cite web|last=Sep 26|first=Digbijay Mishra / TNN / Updated:|last2=2020|last3=Ist|first3=11:26|title=Flipkart ropes in 1MG for e-pharma - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/flipkart-ropes-in-1mg-for-e-pharma/articleshow/78325176.cms|access-date=2021-04-29|website=The Times of India|language=en}}</ref> |
In 2016, 1mg acquired Medi Angles, a company involved in medical insurances and corporate health.<ref>{{Cite web|last=Chopra|first=Arushi|date=2016-12-15|title=E-pharmacy 1mg Technologies buys MediAngels|url=https://www.livemint.com/Companies/3bnLrTx1Yn7HUGNmwAUOxJ/Epharmacy-1mg-Technologies-buys-MediAngels.html|access-date=2021-04-29|website=mint|language=en}}</ref>Tata group, in 2021, became a 55% shareholder in 1mg.<ref>{{Cite web|date=2021-02-17|title=Tata Group to acquire majority stake in BigBasket for over Rs 9,000 crore|url=https://www.thenewsminute.com/article/tata-group-acquire-majority-stake-bigbasket-over-rs-9000-crore-143606|access-date=2021-04-29|website=The News Minute|language=en}}</ref> The company also partnered with Fliplart in past.<ref>{{Cite web|last=Sep 26|first=Digbijay Mishra / TNN / Updated:|last2=2020|last3=Ist|first3=11:26|title=Flipkart ropes in 1MG for e-pharma - Times of India|url=https://timesofindia.indiatimes.com/business/india-business/flipkart-ropes-in-1mg-for-e-pharma/articleshow/78325176.cms|access-date=2021-04-29|website=The Times of India|language=en}}</ref>1mg conducted a survey in association with Bureau of Research on Industry & Economic Fundamentals (BRIEF) to gauge the perceptions around the COVID 19 vaccine which reported that 84% of the participants agreed to get immunised.<ref>{{Cite news|last=Das|first=Sohini|date=2021-02-09|title=42% Indians willing to pay Rs 500 for Covid-19 vaccine: 1mg Survey|work=Business Standard India|url=https://www.business-standard.com/article/current-affairs/42-indians-willing-to-pay-rs-500-for-covid-19-vaccine-1mg-survey-121020901421_1.html|access-date=2021-04-29}}</ref> |
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== References == |
== References == |
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Revision as of 11:33, 24 May 2021
1mg, previously called HealthKart, is an Indian E-pharmacy. Prashant Tandon is the founder-CEO of 1mg.[1][2]The other founders of the company included Gaurav Agarwal and Vikas Chauhan. The company was one of the two websites that was analysed for the book India Public Finance and Policy Report:Health Matters edited by Sugata Marjit and others.[3][4]Other E-pharmacies of the country include Netmeds, Medplus & Pharmeasy.[5]
Confederation of All India Traders alleged that 1mg and others were violating the Indian Drugs and Cosmetics Act in March 2021. Also, the company was alleged for predatory pricing to hurt the brick and mortar retailers and distributors for medicine.[6] Before this, the company also experienced a ban from Delhi High Court in 2018[7][8]
Acquisitions/Partnerships
In 2016, 1mg acquired Medi Angles, a company involved in medical insurances and corporate health.[9]Tata group, in 2021, became a 55% shareholder in 1mg.[10] The company also partnered with Fliplart in past.[11]1mg conducted a survey in association with Bureau of Research on Industry & Economic Fundamentals (BRIEF) to gauge the perceptions around the COVID 19 vaccine which reported that 84% of the participants agreed to get immunised.[12]
References
- ^ Sil, Debarghya (2020-11-04). "Online Medical and Healthcare Platform 1mg Appoints Mayank Gupta as CFO". Entrepreneur. Retrieved 2021-04-29.
- ^ Feb 2021, ET Now | 23; Ist, 03:23 Pm. "E-pharmacy in India has barely scratched the surface: 1mg founder". The Economic Times. Retrieved 2021-04-29.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ Jalan, Jyotsna; Marjit, Sugata; Santra, Sattwik (2019-12-05). India Public Finance and Policy Report: Health Matters. Oxford University Press. ISBN 978-0-19-099054-1.
- ^ Sahay, Priyanka (2016-08-09). "1mg Technologies eyes online retail for healthcare items to improve margins". mint. Retrieved 2021-01-16.
- ^ Singh, Jitendra (2019-10-12). "1mg loses out to Pharmeasy in volume of transactions: Kalagato". Entrackr. Retrieved 2021-04-29.
- ^ "CAIT alleges violation of Drugs & Cosmetics Act by e-pharmacies". mint. 2021-03-20. Retrieved 2021-04-29.
- ^ "Ban on e-pharmas". The Week. Retrieved 2021-01-16.
- ^ "How 1mg Uses AI Models To Solve India's Healthcare, Access To Medicine". Inc42 Media. 2019-09-30. Retrieved 2021-04-29.
- ^ Chopra, Arushi (2016-12-15). "E-pharmacy 1mg Technologies buys MediAngels". mint. Retrieved 2021-04-29.
- ^ "Tata Group to acquire majority stake in BigBasket for over Rs 9,000 crore". The News Minute. 2021-02-17. Retrieved 2021-04-29.
- ^ Sep 26, Digbijay Mishra / TNN / Updated:; 2020; Ist, 11:26. "Flipkart ropes in 1MG for e-pharma - Times of India". The Times of India. Retrieved 2021-04-29.
{{cite web}}:|last2=has numeric name (help)CS1 maint: extra punctuation (link) CS1 maint: numeric names: authors list (link) - ^ Das, Sohini (2021-02-09). "42% Indians willing to pay Rs 500 for Covid-19 vaccine: 1mg Survey". Business Standard India. Retrieved 2021-04-29.