1mg, an integrated healthcare platform has raised $70 million in a Series D funding led by IFC, the Investment arm of the World Bank, Corisol Holdings and South Korea-based venture capital funds, led by Redwood Global – Korea Omega Healthcare Fund.
Existing investors Sequoia Capital, Maverick Ventures, HBM Healthcare Investments, Omidyar Network and Kae Capital also participated in the round.
1mg plans to allocate this new round of funding to accelerate growth, invest in supply chain and healthcare AI. It aims to personalise care management programs and expand its ecosystem partnerships (hospitals, insurance, pharma and government) to launch innovative care delivery models, both online and offline.
Young Turks caught up with Prashant Tandon, chief executive officer at 1mg, where he talks about the e-pharmacy regulations and the company’s roadmap going forward.