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However, the Gurugram-based companys total expenses grew only 21.5% during the year to Rs 1,016.5 crore – pointing to an improvement in its unit economics.
Impact investment fund Omidyar Network India is exiting the country and will transition out of the local market by 2024. This and more in todays ETtech Top 5.
Tata 1mg had a 31% market share in September 2023 against 19% in October 2022 while PharmEasy slipped to 15% from about 33% during the same period, according to a data analysis by third-party internet market research firm Redseer, which ET has seen.
Tata Digital-owned 1mg has beaten rival PharmEasy to pole position in the countrys e-pharmacy market in terms of gross merchandise value. This and more in todays ETtech Morning Dispatch.
Subramanian was formerly travel firm Cleartrip's head before joining Tata Digital in November 2021. He is considering setting up his own venture but it is not finalised yet.