Other Private Equity/Strategic Investments
Generic medicine pharmacy network Dawaa Dost to raise Rs.250-Cr
Jaipur-based omnichannel generic medicine pharmacy network Dawaa Dost is looking to raise between INR 200 crore and INR 250 crore in its first institutional equity funding round. The company has appointed EY as the advisor for this transaction.Founded in 2018 by Amit Choudhary, Yash Harlalka, and Anirudh Batwara, the company claims to serve about 19,000 pincodes and maintains a network of over 80 offline pharmacies. The company also uses a proprietary Kirana Tech model as an affiliate-assisted selling platform to provide affordable healthcare access in tier-II and tier-III cities.The company plans to use the new funds to expand its geographic reach and widen its omnichannel network.
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