Sequoia Capital backed 1mg acquires Dawailelo

Date posted: Friday 1 September 2017

Sequoia Capital-backed online pharmacy 1mg has acquired Varanasi-based startup Dawailelo for an undisclosed amount. In a rapidly consolidating sector, 1mg, which recently raised about Rs.96.7 cr. ($15 million) in Series C funds, has acquired multiple small players to aid its expansion plan.

(Economic Times)