Detailed Information About 1mg

Who are the co-founders of Tata 1mg?

Prashant Tandon (who is also the company CEO), Gaurav Agarwal (who is the CTO of the company), and Vikas Chauhan. Officially, the company was founded in April 2015 in Gurugram, India, with the name 1mg, which was acquired by TATA DIGITAL in 2021.

History of Tata 1mg

Bright Lifecare Private Limited launched a digital health platform called Healthkart Plus in 2012. In 2015, Healthkart Plus was separated from Bright Lifecare to form 1MG Technologies Private Limited, which continued as a platform for fitness and health products. Originally, 1MG focused on providing a search platform for generic drugs.

In June 2021, Tata Digital Ltd acquired a 55% stake in Tata 1MG. By 2023, Tata 1MG surpassed PharmEasy to become the market leader. During this period, PharmEasy's market share fell from approximately 33% to 15%, while Tata 1MG's share increased from 19% in October 2022 to 31%. In 2024, Tata 1MG appointed Deepa Chadha as its Chief Human Resources Officer.