Pharmacy chain Guardian Lifecare plans to raise over $4M in fresh funding by early 2014 | VCCircle
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Pharmacy chain Guardian Lifecare plans to raise over $4M in fresh funding by early 2014 

BY  Lohit Jagwani
The company is backed by PE firm Samara Capital and Mitsui Corporation.

Gurgaon-based Guardian Lifecare Pvt Ltd, which runs retail chain of health and wellness stores, is planning to raise around Rs 30 crore ($4.46 million) in fresh private equity funding in the next five to eight months for its national expansion plan, founder of the company told VCCircle.

“We are planning to build 30 to 50 stores every year depending on getting the right kind of locations, right prices and so on,” said Ashutosh Garg, chairman and founder of Guardian Lifecare.

At present the company has over 180 stores located in over 26 cities including Mumbai, Delhi, Noida, Meerut and Jaipur...

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