Online Pharmacy 1mg Buys MediAngels

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Online pharmacy 1mg has acquired Mumbai-based MediAngels for an undisclosed amount in cash and stocks to strengthen its position in the eHealth space in India. With this acquisition, 1mg is entering into consultations, corporate health services, and insurance partnerships. And the entire team of MediAngels is now part of 1mg.

“With MediAngels platform, our consumers can now access a deep network of over 450 super specialists across India and the world, and we also get an entry into the corporate health space through this platform. We now offer services to consumers as well as corporate customers which includes ePharmacy, eDiagnostics, eConsultations and Super Speciality Second Opinions as well,” said Prashant Tandon, co-founder and CEO of 1mg.

Gurgaon-based 1mg (previously known as HealthKartPlus), was founded in 2012 by Sameer Maheshwari and Prashant Tandon.

MediAngels.com was founded in 2011 by super-specialist doctors Dr Arbinder Singal and Dr Debraj Shome, with the purpose of bringing specialist doctors to everyone’s reach. “With rapid adoption of technology and web on mobile, the time is right for eHealth platforms to serve the basic need of every Indian — complete the cycle of healthcare for the consumer at a click. Within 1mg ecosystem, we plan to scale up second opinions and drive B2B engagements with more insurers and corporates,” said Dr Singal.

This is the second acquisition for 1mg this year. In July, the company acquired Medd.in, a diagnostics and imaging tests marketplace.

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