Online healthcare start-up 1mg Technologies Pvt. Ltd has acquired diagnostic labs aggregator Medd (HolaMed Healthcare Technologies Pvt. Ltd) in a move aimed at boosting its diagnostic footprint. The company did not disclose the value of the transaction. It has also roped in Ankur Gigras, a former marketing head for gastroenterology at healthcare firm Abbott India Ltd, to oversee the diagnostics business. Gigras will also drive innovative patient-centric models with pharma, insurance and the rest of the healthcare ecosystem.

Medd was co-founded by Indian Institute of Technology Bombay graduates Arpit Kothari and Anurag Mundhada and Carnegie Mellon graduate Era Dwivedi in 2015. Following the acquisition, Kothari and Mundhada will be joining the 1mg team. Medd operates across Mumbai, Indore, Bhopal, Nagpur, Bengaluru and Jaipur.

1mg operates an online marketplace for medicines, besides facilitating medical appointments and diagnostic test bookings. The e-diagnostic service of 1mg is currently available across 23 cities, powered by tie-ups with certified laboratories. Users book an appointment for sample collection from home and receive their test results online with the added option of receiving a paper copy.