India’s 1mg Technologies nears to score $35.3 mln in new funding

01/09/2019 2:35:00 PM (GMT)

Indian online medical store 1mg Technologies Pvt. Ltd. is nearing to score 248.63 crore rupees ($35.3 million) in a new funding round.

The round will be led Corisol Holding AG, which made the investment via its wholly-owned subsidiary KWE Beteiligungen AG.

Existing backers such as Swiss healthcare-focused investment firm HBM Healthcare, Omidyar Network and Sequoia Capital India will also join the round.

1mg, which books $3 million in revenue annually, has closed $83.1 million in total funding to date.

1mg Technologies Pvt. Ltd.

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