Sequoia Capital backed 1mg acquires Dawailelo
Sequoia Capital-backed online pharmacy 1mg has acquired Varanasi-based startup Dawailelo for an undisclosed amount. We are very keen on building a pan-India presence rapidly, said Prashant Tandon, CEO of Gurgaon-based 1mg, which is pushing to expand operations in tier-II and -III cities.
Dawailelo was founded by Aditya Agrawal (CEO) and Arpit Sarin (COO) in 2013. Agrawal is an MBA in marketing from Banaras Hindu University while Sarin has a bachelor’s degree in mechanical engineering.