1mg revenue surges over Rs 350 crore, liabilities overweigh assets

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1mg is an online medicine delivery startup who has seen a surge in its revenue from Rs.202.3 crore in 2019 to Rs.358 crore in 2020. The company is in talks with several MNC’s such as the Tata group to raise $100 million. 1mg has recorded 75% of the earnings through online sales. These transactions grew from 156.2 crore in 2019 to 268.1 crore in 2020. 1mg’s liabilities are currently overweighing their assets by 348.7%.

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