Deal Announcement

DC Advisory India acts as exclusive financial advisor to 1MG Technologies on its $70m Series D fund raise from Corisol Holdings, IFC and others

02 Jul 2019

Background

  • 1MG Technologies, India’s leading integrated health-tech platform, focuses on providing Indian consumers with access to an integrated health-tech platform to better manage their health
  • The platform includes information, products, services and health tools

Process

  • DC Advisory India acted as exclusive financial advisor to 1MG Technologies on its $70m Series D fund raise from Corisol Holdings AG (largest shareholder of Zur Rose AG, Europe’s leading ePharmacy group), International Finance Corporation (investment arm of the World Bank), and a high quality investor group from South Korea. Existing investors of 1MG, Maverick Ventures, HBM Healthcare, Sequoia Capital, Omidyar Network and Kae Capital, also participated in this Series D financing round

Outcome

  • This financing will allow 1MG to grow aggressively by expanding its geographical presence, accelerating its move towards a full stack supply chain model, developing ecosystem partnerships and building AI / ML tools which will enable the company to provide better healthcare services to its customers

Deal Team