Startup Street puts the spotlight on pharmacy retail chain Generico as the Mumbai-based company has raised Rs 10 crore in venture debt financing from Alteria Capital. Generico sells generic and branded medicines and currently operates 49 outlets across Mumbai. This transaction is part of a larger Series-A financing round, which was announced last year with venture capital firm Lightbox leading a $14 million equity capital infusion into the company. To discuss more the fundraising, CNBC-TV18 spoke to Generico's co-founder Siddharth Gadia.
Over three lakh cybersecurity incidents have been reported in India till October 2019 -- that is a 55 percent jump from the 2018 statistics. With growing cybersecurity incidents and concerns, the startup space has seen a burgeoning of cybersecurity companies who are working closely with government and enforcement agencies. In a recent incident, Innefu Labs helped Delhi Police locate 3,000 missing children within four days of deployment using its artificial intelligence and cybersecurity solutions. Startup Street spoke to Tarun Wig, co-founder of Innefu Labs to find out more.
India needs to create more jobs for engineers and management graduates in the country, that's the word coming in from business leader and Infosys founder Narayana Murthy. In an exclusive conversation with Mugdha Variyar, Murthy spoke about how the education system in India needs to concentrate more on solving problems and how identifying talent is a big issue in India.