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1MG Technologies Private Limited
1MG Technologies Private Limited was founded around 2015 by Prashant Tandon, a former McKinsey consultant and serial health-tech entrepreneur, alongside...
1MG Technologies Private Limited
1MG Technologies Private Limited was founded around 2015 by Prashant Tandon, a former McKinsey consultant and serial health-tech entrepreneur, alongside co-founder Vikas Gupta. The firm's wealth derives from the value created by 1mg Technologies, the parent entity that operates India's largest online pharmacy, diagnostics booking, and telemedicine platform — backed by investors including Tata Digital, Sequoia Capital India, and Temasek. The family office's investment strategy targets Indian growth-stage technology companies, with an emphasis on digital health, enterprise software, and e-commerce. It co-invests alongside institutional venture capital firms, deploying capital through direct equity positions and structured rounds, with known positions including Healthians and PharmEasy (per Inc42, 2022). Geographic focus remains India, with deal tracking in Delhi NCR and Bangalore. Deployment scale is not publicly disclosed, but the firm's parent, 1mg Technologies, was valued at over $1.2B as of its 2021 funding round (per TechCrunch, 2021). The family office maintains lean operations with fewer than a dozen professionals, operating from Delhi and Bangalore. A recent operational milestone: January 2024: 1mg Technologies reported a 35% revenue increase to INR 1,824 crore, strengthening the family office's liquidity base for fresh deployments (per the firm's regulatory filings). What structurally distinguishes 1MG Technologies Private Limited is its tight integration with the operating company: the family office functions as a direct extension of the founding team's operational expertise, not a passive wealth manager. That operating-company interface gives them proprietary deal flow in health-tech and a distribution network that portfolio companies can leverage — rare among Indian single-family offices.
General information
Firm type
Single Family Office
Year founded
2015
AUM
Undisclosed
Location
Region
Asia
Country
India
City
Delhi
Corporate office
Delhi, India
Additional offices
Bangalore, India
Principals
Prashant Tandon
Founder & CEO
Vikas Gupta
Co-Founder & COO
Sector focus
Frequently asked questions
Who runs investment decisions at 1MG Technologies Private Limited?
The investment team operates under the oversight of Prashant Tandon, founder and CEO of the parent 1mg Technologies platform. The family office does not have a publicly named CIO; decisions are closely tied to the operating company's leadership.
How does 1MG Technologies source proprietary deal flow?
Proprietary deal flow comes through the operating company's partnerships with hospitals, diagnostics chains, and pharmaceutical distributors across India. This network surfaces health-tech and enterprise-software investment opportunities before they reach public auction.
Does 1MG Technologies participate in fund commitments or only direct deals?
The firm focuses on direct equity co-investments alongside institutional venture partners, particularly in late seed and Series A rounds. There is no public record of fund-of-funds or GP-commitment structures.
Which sectors does 1MG Technologies explicitly avoid?
The firm avoids real estate, natural resources, and heavy infrastructure. Its stated posture is to invest where its operating expertise adds value.
How is 1MG Technologies related to Tata Digital and other parent investors?
Tata Digital holds a majority stake in the parent operating company 1mg Technologies, but the family office is a separate legal entity managed by the founding team.
What is the geographic investment footprint of 1MG Technologies?
All known investments are in India, concentrated in the Delhi National Capital Region and Bangalore. The firm does not deploy capital outside India based on public records.
Does 1MG Technologies maintain philanthropic structures?
There is no publicly documented philanthropic vehicle separate from the family office. Corporate social responsibility activities are run through the operating company, 1mg Technologies.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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