An e-commerce health care company 1mg has acquired Dawailelo. The online health care firm itself is backed by Sequoia Capital. 1mg is planning to expand its operations in tier-2 and tier-3 cities. “The team at Dawailelo has done a great job understanding the requirements of the customers and has created a unique model that has shown great promise for tier II and III cities.” Said Prashant Tandon, CEO of 1mg.
Dawailelo was founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013. Agrawal has done MBA from Banaras Hindu University while Sarin has a bachelor’s degree in mechanical engineering.
Dawailelo had raised Rs 35 lakh (about $52,000) in seed financing from angel investors Madhu Gopinath, the originator of Opus Group of Companies, and Naveen Nischal, chief at Cygnus Medicare.
1mg has recently risen about 96.7 crore rupees in Series C funds. It has also acquired multiple small players to aid its expansion plans.
Last year 1mg has acquired Medd, a commercial center for booking diagnostics and lab tests established by IIT Bombay graduates. Afterward, 1mg acquired MediAngels for a venture into super claim to fame conferences, corporate well-being administrations, and protection organizations. Likewise, competitor Netmeds had obtained Delhi-based opponent organization Pluss to grow operations in northern India.