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    IAS officer Vipul Ujwal posted as Director, Ministry of Panchayati Raj

    IAS officer Vipul Ujwal posted as Director, Ministry of Panchayati Raj

    Former IAS officer Sudhanshu Pandey becomes Ladakh’s first SEC

    Former IAS officer Sudhanshu Pandey becomes Ladakh’s first SEC

    9 IAS officers shifted in Bihar, Dayanidhan Pandey appointed Director, Revenue & Land Reforms

    9 IAS officers shifted in Bihar, Dayanidhan Pandey appointed Director, Revenue & Land Reforms

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar felicitated by APAC during the 2nd Sustainable Urban Innovation Conclave-Uttar Pradesh Edition

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar felicitated by APAC during the 2nd Sustainable Urban Innovation Conclave-Uttar Pradesh Edition

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    Rajya Sabha passes historical Women’s Reservation Bill

    Rajya Sabha passes historical Women’s Reservation Bill

    IAS Mayur Rational Govekar appointed Deputy Secretary of MoRTH

    IAS Mayur Rational Govekar appointed Deputy Secretary of MoRTH

    IPS Kuldeep Dwivedi appointed DIG in CBI, IPS Mukesh Singh posted as IG, ITBP

    IPS Kuldeep Dwivedi appointed DIG in CBI, IPS Mukesh Singh posted as IG, ITBP

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    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Can AI become the real panacea for Indian healthcare?

    Can AI become the real panacea for Indian healthcare?

    PLI scheme for Pharma, drones and textiles to be modified by govt

    PLI scheme for Pharma, drones and textiles to be modified by govt

    NABH partners NATHEALTH to enhance patient safety

    NABH partners NATHEALTH to enhance patient safety

    Kerala Records Fifth Nipah Case, 706 Individuals on Contact List

    Kerala Records Sixth Nipah Case, 39-year-old man latest to test positive

    TCS, Dassault Systems form partnership to create digital models of the human heart

    TCS, Dassault Systems form partnership to create digital models of the human heart

    President Droupadi Murmu to launch Ayushman Bhav campaign today

    President Droupadi Murmu to launch Ayushman Bhav campaign today

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    Government to roll out U-Win for maintaining electronic registry of routine immunizations

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    Punjab students invest Rs 68,000 cr annually in Canadian education

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    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

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    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

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    Noida’s Apeejay School held activities to create awareness on India holding G-20 Event

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    Meta enters into LoI with NIESBUD, AICTE, CBSE

    G20 Digital Economy Ministers Achieve Historic Consensus on Digital Public Infrastructure Definition: MoS IT

    Insight is necessary for Academia to understand the need of Industry, Opines Dr Buddha Chandrashekhar Chief Coordinating Officer, AICTE , Ministry of Education

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    Universities prohibited from including Aadhaar numbers on degrees and certificates, announces UGC

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    NCERT receives deemed university status by the Modi government

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    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

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    Former SBI Chief, Rajnish Kumar, appointed chairman of MasterCard New Delhi

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

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    Businesses with a Rs 100 cr turnover to upload invoices within 30 days starting Nov 1

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    NPCI launches new UPI features to achieve 100 bn monthly transactions

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    Yono app fetches State Bank of India Rs 100 crore in fee income every quarter

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    Commerce ministry advises banks to extend export credit to e-commerce exporters

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    AWS to contribute $23.3 billion to India’s GDP by 2030

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    MeITy offers one-year leeway to IT hardware companies on import relief

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    Micron Technology to start construction of $2.75 billion semiconductor plant in Sanand, Gujarat

    Micron Technology to start construction of $2.75 billion semiconductor plant in Sanand, Gujarat

    India plans $2.2 Billion incentives to boost manufacturing in six sectors

    India plans $2.2 Billion incentives to boost manufacturing in six sectors

    Karnataka High Court recommends age limit for using social media

    Karnataka High Court recommends age limit for using social media

    Business Leadership in Digital Age: IIT Kanpur ropes in Dr R S Sharma, Dr Ajay Kumar to drive e-Masters Program

    Business Leadership in Digital Age: IIT Kanpur ropes in Dr R S Sharma, Dr Ajay Kumar to drive e-Masters Program

    Government advises Google, Apple app stores against onboarding illegal, unsafe apps

    Government advises Google, Apple app stores against onboarding illegal, unsafe apps

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    Microsoft Oracle Partnership: Rivals Join Hands to Face AWS

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    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    National e-commerce policy in final stages, no new draft to be issued

    National e-commerce policy in final stages, no new draft to be issued

    Karnataka plans for a research foundation to conduct R&D in startups

    Karnataka plans for a research foundation to conduct R&D in startups

    Nasscom seeks direct listing of overseas Indian startups

    Nasscom seeks direct listing of overseas Indian startups

    TVS partners with Zomato, to deploy 10,000 electric scooters in delivery fleet in 2 years

    TVS partners with Zomato, to deploy 10,000 electric scooters in delivery fleet in 2 years

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    IAS officer Vipul Ujwal posted as Director, Ministry of Panchayati Raj

    IAS officer Vipul Ujwal posted as Director, Ministry of Panchayati Raj

    Former IAS officer Sudhanshu Pandey becomes Ladakh’s first SEC

    Former IAS officer Sudhanshu Pandey becomes Ladakh’s first SEC

    9 IAS officers shifted in Bihar, Dayanidhan Pandey appointed Director, Revenue & Land Reforms

    9 IAS officers shifted in Bihar, Dayanidhan Pandey appointed Director, Revenue & Land Reforms

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar felicitated by APAC during the 2nd Sustainable Urban Innovation Conclave-Uttar Pradesh Edition

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar felicitated by APAC during the 2nd Sustainable Urban Innovation Conclave-Uttar Pradesh Edition

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    Rajya Sabha passes historical Women’s Reservation Bill

    Rajya Sabha passes historical Women’s Reservation Bill

    IAS Mayur Rational Govekar appointed Deputy Secretary of MoRTH

    IAS Mayur Rational Govekar appointed Deputy Secretary of MoRTH

    IPS Kuldeep Dwivedi appointed DIG in CBI, IPS Mukesh Singh posted as IG, ITBP

    IPS Kuldeep Dwivedi appointed DIG in CBI, IPS Mukesh Singh posted as IG, ITBP

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    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Indian MBBS passouts can now practice in US, Australia, Canada, New Zealand

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Government approves Rs 480 crore three-year education scheme for medical devices sector

    Can AI become the real panacea for Indian healthcare?

    Can AI become the real panacea for Indian healthcare?

    PLI scheme for Pharma, drones and textiles to be modified by govt

    PLI scheme for Pharma, drones and textiles to be modified by govt

    NABH partners NATHEALTH to enhance patient safety

    NABH partners NATHEALTH to enhance patient safety

    Kerala Records Fifth Nipah Case, 706 Individuals on Contact List

    Kerala Records Sixth Nipah Case, 39-year-old man latest to test positive

    TCS, Dassault Systems form partnership to create digital models of the human heart

    TCS, Dassault Systems form partnership to create digital models of the human heart

    President Droupadi Murmu to launch Ayushman Bhav campaign today

    President Droupadi Murmu to launch Ayushman Bhav campaign today

    Government to roll out U-Win for maintaining electronic registry of routine immunizations

    Government to roll out U-Win for maintaining electronic registry of routine immunizations

  • Education
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    • Higher Education
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    • School (K12 Education)
    Punjab students invest Rs 68,000 cr annually in Canadian education

    Punjab students invest Rs 68,000 cr annually in Canadian education

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    Professor Abhay Karandikar appointed Secretary, Department of Science and Technology, GoI

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

    IIT Council inks MoU with Association of American University for Indo-US Global Challenges Institute

    Noida's Apeejay School held activities to create awareness on India holding G-20 Event

    Noida’s Apeejay School held activities to create awareness on India holding G-20 Event

    Meta enters into LoI with NIESBUD, AICTE, CBSE

    Meta enters into LoI with NIESBUD, AICTE, CBSE

    G20 Digital Economy Ministers Achieve Historic Consensus on Digital Public Infrastructure Definition: MoS IT

    Insight is necessary for Academia to understand the need of Industry, Opines Dr Buddha Chandrashekhar Chief Coordinating Officer, AICTE , Ministry of Education

    Universities prohibited from including Aadhaar numbers on degrees and certificates, announces UGC

    Universities prohibited from including Aadhaar numbers on degrees and certificates, announces UGC

    NCERT receives deemed university status by the Modi government

    NCERT receives deemed university status by the Modi government

    USDC collaborates

    USDC collaborates with Kyndryl to develop University-in-a-Box for India’s higher education sector

  • BFSI
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    • Fintech/Financial Services
    • Insurance
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    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    First in Rajasthan, Jaipur City Transport Services Limited implements ESG policy

    Former SBI Chief, Rajnish Kumar, appointed chairman of MasterCard New Delhi

    Former SBI Chief, Rajnish Kumar, appointed chairman of MasterCard New Delhi

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

    Paytm Group CFO Expresses Confidence in Sustainable Free Cash Flow, Foresees No Future Funding Requirement

    Businesses with a Rs 100 cr turnover to upload invoices within 30 days starting Nov 1

    Businesses with a Rs 100 cr turnover to upload invoices within 30 days starting Nov 1

    Financeministry_1612802287697_1612802293628

    Union Finance ministry strains PMLA Rules

    NPCI launches new UPI features to achieve 100 bn monthly transactions

    NPCI launches new UPI features to achieve 100 bn monthly transactions

    Yono app fetches State Bank of India Rs 100 crore in fee income every quarter

    Yono app fetches State Bank of India Rs 100 crore in fee income every quarter

    Commerce ministry advises banks to extend export credit to e-commerce exporters

    Commerce ministry advises banks to extend export credit to e-commerce exporters

    RBI allows use of pre-sanctioned credit lines for UPI payments

    RBI allows use of pre-sanctioned credit lines for UPI payments

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    AWS to contribute $23.3 billion to India’s GDP by 2030

    AWS to contribute $23.3 billion to India’s GDP by 2030

    MeITy offers one-year leeway to IT hardware companies on import relief

    MeITy offers one-year leeway to IT hardware companies on import relief

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    UP Chief Secretary DS Mishra and Namami Gange DG G Asok Kumar Highlights the Need for Holistic Sustainable Urban Development with Tech as Enabler

    Micron Technology to start construction of $2.75 billion semiconductor plant in Sanand, Gujarat

    Micron Technology to start construction of $2.75 billion semiconductor plant in Sanand, Gujarat

    India plans $2.2 Billion incentives to boost manufacturing in six sectors

    India plans $2.2 Billion incentives to boost manufacturing in six sectors

    Karnataka High Court recommends age limit for using social media

    Karnataka High Court recommends age limit for using social media

    Business Leadership in Digital Age: IIT Kanpur ropes in Dr R S Sharma, Dr Ajay Kumar to drive e-Masters Program

    Business Leadership in Digital Age: IIT Kanpur ropes in Dr R S Sharma, Dr Ajay Kumar to drive e-Masters Program

    Government advises Google, Apple app stores against onboarding illegal, unsafe apps

    Government advises Google, Apple app stores against onboarding illegal, unsafe apps

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    Microsoft Oracle Partnership: Rivals Join Hands to Face AWS

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    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Delhi Govt plans to launch online portal for faceless document submission of overage vehicles

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Dark Patterns in E-commerce: Ministry of Consumer Affairs to Shed Light for Affected Users

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Government to provide Rs 50 lakh grant for technical textiles startups under GREAT scheme

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Indian SpaceTech Sector receives $62 Million Funding in 2023

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    Chandrayaan-3 mission: All set for automatic landing sequence, says ISRO

    National e-commerce policy in final stages, no new draft to be issued

    National e-commerce policy in final stages, no new draft to be issued

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    Karnataka plans for a research foundation to conduct R&D in startups

    Nasscom seeks direct listing of overseas Indian startups

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    TVS partners with Zomato, to deploy 10,000 electric scooters in delivery fleet in 2 years

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Home Startups

1mg enters unicorn club after raising $41Mn

September 8, 2022
in Startups
1mg enters unicorn club after raising $41Mn

Online pharmacy 1mg has entered the unicorn club after an internal funding round led by Tata Digital. The company raised $41 million, valuing it at $1.25 billion. The funding round also saw participation from existing investors MPOF Mauritius, HBM Healthcare Investments, and KWE Beteiligungen, among others.

 

Tata Digital has infused about Rs 254.63 crore for 24,711 shares of the company. The total number of shares allotted in this round is 30,992, with each share being priced at a premium of Rs 103,046. This is the third unicorn under the Tatas’ ecommerce venture, after e-grocer BigBasket and Mukesh Bansal’s Cultfit. The platform delivers health products to over 1,800 cities.

 

The recent funding will allow the company to ramp up its play against competition coming from Reliance’s Netmed and PharmEasy. Tata Digital had acquired 1mg at a valuation of around $450 million in June last year. Tata Digital owns a little over 62% in the e-pharmacy.

 

Tata 1mg was launched to offer medicine delivery, health and wellness products, diagnostics services along with doctor consultancy. The platform claims to have a supply chain covering over 20,000 postal codes in the country. It also launched 60-minute delivery of medicines in select cities, including the Delhi-NCR region, last year.

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