 "medicines, durgs, pharma, pharmaceuticals")
Generic medicines are cheaper than branded drugs but have the same effects and composition. Still, the consumer isn’t getting the benefits despite the government announcing steps to popularise them. In a bid to ensure that generic drugs reach those in need, two IIT alumni — Girish Agrawal and Siddharth Gadia — launched Generico in May 2017.
Last week, Generico, which runs a network of pharmacies selling generic drugs, raised $14 million in a Series A funding round, led by venture capital firm Lightbox. Its existing investors — Tomorrow Capital and Whiteboard Capital — also participated in the round. This was the
