India Deal Monitor: Alteria Capital invests in Generico and more updates

Pharmacy retail chain Generico, operated by Workcell Solutions Pvt Ltd, has secured about $1.4 million in Series A funding from venture debt fund Alteria Capital.

The latest financing comes a little more than three months after Generico reportedly raised $14 million led by Lightbox. It previously raised $3 million from Tomorrow Capital, Whiteboard Capital and angel investor Gagan Goyal.

Founded by Siddharth Gadia and Girish Agarwal in 2017, Generico will use the fresh funds to strengthen its supply chain, technology, and healthcare prepositions. The pharmacy chain plans to expand its outlets from the current 49 stores in Mumbai to 150 stores by 2021.

INDIA DEAL MONITOR

Here are some of the venture capital transactions in India from January 5-January 7.

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.