Business News/ Companies / Start-ups/  1mg Technologies appoints former Zomato executive Tanmay Saksena as COO

Bengaluru: Healthcare start-up 1mg Technologies Pvt. Ltd has appointed former Zomato executive Tanmay Saksena as its chief operating officer, the company said in a statement.

The high-profile hire comes barely two weeks after 1mg announced that the company had raised 100 crore in a Series B funding round from Maverick Capital Ventures, the venture capital arm of US-based hedge fund Maverick Capital, besides existing investors Sequoia Capital and Omidyar Network.

The fresh funds will give 1mg more ammunition to stave off competition from Sequoia Capital-backed Practo Technologies Pvt. Ltd, which is also the best-funded homegrown healthcare start-up, having raised $124 million from investors such as Tencent, Sofina, Google Capital and Altimeter Capital.

1mg raised $6 million from Sequoia Capital, Intel Capital, Omidyar Network and Deep Kalra, co-founder of travel portal MakeMyTrip, in April last year.

Saksena, who was the global business head, online food ordering, at Zomato Media Pvt. Ltd, had earlier worked as vice-president of studio operations at Disney Interactive Media Group in Palo Alto and Unilever in India.

“We are at a point from where we intend to rapidly accelerate our growth to create India’s largest network of healthcare services. Tanmay’s deep experience in building scalable consumer Internet businesses at both Zomato and Disney will be very valuable in our journey ahead," said Prashant Tandon, founder and chief executive at 1mg.

1mg was earlier called HealthkartPlus, the generic drug search business of Healthkart, an online vendor of health products run by Bright Lifecare Pvt. Ltd. In April last year, HealthkartPlus was spun off into a separate entity and rebranded 1mg.

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Updated: 03 May 2016, 08:38 AM IST
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