E pharmacy 1mg raises fresh funds

1. E-pharmacy 1mg raises fresh
funds

2. Contd…
Online pharmacy 1mg, formerly known as HealtKartPlus, has raised an
additional amount of funding from healthcare-focused fund-HBM Healthcare
Investments. This comes straight after the Gurgaon-based startup closed a Rs
100 crore financing round in April.1mg is HBM Healthcare Investment's
maiden digital healthcare bet in India. The fund manages $1billion in assets.
Earlier, last month, US-based investment fund Maverick Capital Ventures had
led a series B round in 1mg along which counts Sequoia India, Omidyar
Network, Kae Capital and Intel Capital as its investors. The company did not
disclose the additional amount it's picked up from HBM Healthcare
Investments.
During the course of last few months, several early stage deals have taken
place in the online pharmacy space signalling the bullishness around the
sector's potential.

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