The premium was over 5x of 1mg's previous fundraise, which had valued the startup at $240 million. The latest round values Tata 1mg between $1.25 and $1.30 billion
When a crisis comes, all people rise up to meet the challenge and this is the phase when we can clearly see the stars in the team emerge, says Prashant Tandon, co-founder and CEO of online pharmacy 1mg.
OYO Rooms, an online budget hotel aggregator is touted as one of India's most disruptive startups and its 21-year old founder Ritesh Agarwal for all practical purposes is the entrepreneurial ecosystem's new poster boy.
A degree from Stanford or Harvard Business School would automatically win anybody tickets to a lucrative job. And it was no different for Sameer Maheshwari and Prashant Tandon. Maheshwari and Tandon quit their jobs to start, Healthkart.com, a one stop online shop for healthcare needs.