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1mg looks to raise $100 Mn to build muscle to fend off Amazon, Reliance

Shortpedia

Content Team
Image Credit: shortpedia

As the online medicine sector has been gaining momentum with the latest entrants, deals and mergers, epharmacies startup 1mg is reportedly in talks with Indian and global private investment firms to raise $100 Mn to fend off the competition. According to report, private equity firm Gaja Capital is in advanced stages of talks to lead the round through its $400 Mn Fund IV.