Mumbai-based pharmacy chain Generico has raised Rs 10 crore in debt financing round from Alteria Capital. The new funds for the company has come around four months after it had raised $11 million funding in a Series A round from Lightbox.
Founded in 2017, Generico is known to run a specialized pharmacy retail chain of generic medicines. Besides, the startup is also aiming to build up to 150 stores over the next two years and enter into disease management space. (Source)
Aarzoo is an author at Entrackr who tries to bring in an unbiased perspective while writing about the budding Indian startup ecosystem. Along the way, she also analyses the companies, their numbers, and compiles them. A graduate in Economics from Lady Shri Ram College for women, a will to explore the emerging businesses drives her the most. Connect with her at [email protected].
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