What is the first thing that comes to your mind when I say Varanasi. Hold it. It can be everything but it won’t be a health tech acquisition. But that’s what Delhi NCR-based 1mg saw. Earlier this month, it acquired a small angel-funded company called Dawailelo from the holy city.
If that piques your interest, the first time Arpit Sarin, the co-founder of Dawailelo heard about the potential interest in his company he was stunned. The offer was out of the blue. It all started when Sarin met Prashant Tandon, co-founder and CEO of 1mg at a startup conference in Delhi in January 2017.