1mg’s FY23 Revenues Grow 2.5x to Rs 1,627 Cr Post Tata Digital Acquisition

  • 1mg’s revenue from operations grew to Rs 1,627 Cr in FY23 from Rs 627 Cr in FY22, marking its first full fiscal year under Tata Digital.
  • Products sales formed 79.3% of the total revenue, but it suffered a net loss of Rs 1,254 Cr due to non-cash expenditure against financial liability.
  • After Tata Digital acquired majority stake and infused around $40 million, 1mg became a unicorn described as most likely to turn a profit or stop bleeding.
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