1mg

1mg is an Indian online marketplace for medicines, medical devices, medical appointments and diagnostic tests.[1] 1mg was founded in 2015 by Prashant Tandon, Gaurav Agarwal and Vikas Chauhan.[2]The company was formerly known as HealthKartPlus.[3][4][5]

Competition

1mg competes with other online pharmacies like Amazon, Reliance-Netmeds, and Medlife-Pharmeasy[6][7]

Controversy

Delhi High Court in December 2018 imposed a ban on online medicine sales applicable to 1mg and others. The public interest litigation (PIL) was filed by a dermatologist Zaheer Ahmed.[8] The petition said that the online sales of drugs was illegal and a health risk.[9] 1mg responded to court claiming that online pharmacies were similar to Ola, Uber and Swiggy - other aggregators. The Ban was stayed by Madras High Court in January 2019[10][11]

References
  1. Sahay, Priyanka (2016-08-09). "1mg Technologies eyes online retail for healthcare items to improve margins". mint. Retrieved 2021-01-16.
  2. Sil, Debarghya (2020-11-04). "Online Medical and Healthcare Platform 1mg Appoints Mayank Gupta as CFO". Entrepreneur. Retrieved 2021-01-16.
  3. "Online marketplace for drugs 1mg acquires homeobuy.com for alternative medicines play". VCCircle. 2015-06-25. Retrieved 2021-01-16.
  4. Peermohamed, Alnoor; Sharma, Samidha. "Tatas in talks to pick up majority stake in e-pharmacy firm 1mg". The Economic Times. Retrieved 2021-01-18.
  5. Leo, Leroy (2020-11-10). "Tata, IFC eye s takes in e-pharmacy 1mg". mint. Retrieved 2021-01-18.
  6. "How will 1MG compete with Amazon, Jio & Netmeds, Pharmeasy? | StartUp Central". www.timesnownews.com. Retrieved 2021-01-27.
  7. Leo, Leroy (2020-12-31). "After fast growth, e-pharmacies eye customer loyalty". mint. Retrieved 2021-01-18.
  8. "Ban on e-pharmas". The Week. Retrieved 2021-01-16.
  9. Ghosh, Durba. "India's budding e-pharma industry has just received a sickening blow". Quartz India. Retrieved 2021-01-16.
  10. "Epharmacies Nothing More Than Errand Boys: 1Mg tells Delhi HC". Inc42 Media. 2019-09-25. Retrieved 2021-01-16.
  11. "Ban not to impact internet pharmacies with licenses to sell drugs". www.businesstoday.in. Retrieved 2021-01-16.
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