1mg turns unicorn after fresh fund infusion from Tata Digital

Online pharmacy 1mg has entered the unicorn club after an internal round of funding led by Tata Digital, sources briefed on the matter said.

The company has raised $41 million after which it has been valued at $1.25 billion, people briefed on the matter said. Tata Digital had acquired 1mg at a valuation of around $450 million in June last year.