Mumbai, July 12 -- Dawaa Dost, an omnichannel generic medicine pharmacy network, is looking to raise Rs.200-250 crore in its first institutional equity funding round and has appointed EY to manage the fundraising, according to two people familiar with the development.

"The deal is in early stages, and several growth funds will be sounded out as a part of the process," one of the people cited above said.

The second person added that the funds will be used to expand the company's reach and widen its omnichannel network.

Dawaa Dost declined to comment, while EY did not respond to Mint's queries.

The development comes more than four years after the company raised debt financing from Grameen Impact, a social impact-focused non-banking fina...