Allana Group has returned to back a $17.6m round for the dispensary chain owner, five years after its contribution to a $3.2m round for the company.
India-based pharmacy chain operator Wellness Forever Medicare has received Rs 1.3bn ($17.6m) from food and agriproduct exporter Allana Group and private investor Adar Poonawalla, VCCircle has reported.
Founded in 2008, Wellness Forever runs more than 200 drugstores in Indian cities of Goa, Karnataka and Maharashtra. The chain provides over 30,000 pharmaceutical and wellness products and medical devices.
Wellness Forever will use the cash to increase its store count, expand its private label products under its Amore subsidiary and boost its…
