Online pharmacy

The e-pharmacy market has the potential of growing to more than $1 billion. However, online pharmacies now comprise a mere 1% of overall medicine sales. Photo: Mint

Online medicine startups in funding frenzy as sector consolidates

3 min read . 18 Dec 2018

The move comes amid speculation that Amazon was planning to get into the pharmacy or drug-distribution business. Photo: AFP

Amazon makes big foray into health care with PillPack acquisition

1 min read . 28 Jun 2018

Alibaba said the deal was subject to approval from Ali Health shareholders and the Hong Kong stock exchange. Photo: Reuters

Alibaba injects pharmacy assets into healthcare unit in $1.4 billion deal

1 min read . 29 May 2018

While as many as 50 online pharmacy start-ups sell medicines, the government’s proposal to regulate the market will give a stamp of official approval and remove uncertainties surrounding the legality of such sales. Photo: Hemant Mishra/Mint

Govt readies policy to regulate online pharmacies

2 min read . 17 Oct 2017

1mg was carved out from Healthkart, a marketplace for nutrition products, in April 2015 to focus on online retail of medicines.

1mg raises $15 million in funding round led by HBM Healthcare

2 min read . 27 Jul 2017

In a December 2015 notification, the Drugs Controller General of India (DCGI) directed state authorities to put a “strict vigil” on online sales of medicines. Photo: Hemant Mishra/Mint

Online pharmacies see muted investor interest over regulatory uncertainties

3 min read . 31 Jan 2017

1mg operates an online marketplace for medicines, besides facilitating medical appointments and diagnostic test bookings.

E-pharmacy 1mg Technologies buys MediAngels

2 min read . 16 Dec 2016

Chennai-based Netmeds, founded last year by the Pradeep Dadha family, is trying to establish a toehold in the $15 billion retail pharma market dominated by mom-and-pop model stores.

Netmeds buys Pluss in bid to scale quicker

1 min read . 25 Nov 2016

The quantum of funds ploughed in to the sector increased about 37 times to $74.33 million between January and June this year, as against $2 million last year. Photo: iStock images

Start-ups in alternative lending and B2B commerce attract investors

4 min read . 16 Aug 2016

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

1mg Technologies raises Rs100 crore in Series B funding

1 min read . 20 Apr 2016

Indian drug retailers protest against e-pharmacies

2 min read . 14 Oct 2015

Government gears up for e-pharmacies

2 min read . 18 Jun 2015

The deal adds a platform for sales by Web-based pharmacies, which can be integrated with the Tmall business of Alibaba Group. Photo: Bloomberg<br />

Alibaba Health stock surges 99% to all-time high on Web pharmacy deal

2 min read . 15 Apr 2015