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Newsletter | This 21-year-old has built a Rs 500 Cr company that aims to shatter the drug retail industry; Apple WWDC 2023 & more
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Newsletter | This 21-year-old has built a Rs 500 Cr company that aims to shatter the drug retail industry; Apple WWDC 2023 & more
Jun 5, 2023 3:17 AM

Here's a rundown of 11 significant news stories to keep you in the know:

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This 21-year-old Thane guy has built a Rs 500 crore company that aims to shatter the drug retail industry

Over 2,000 stores across the country, generation of nearly 10,000 jobs, and a company having 500 crores of valuation with the world’s top investors as partners; everything at the age of 21 years.

No, it's not a rags-to-riches story from any bollywood film but a real life tale of 21-year-old desi entrepreneur, Arjun Deshpande, who is a founder and CEO of Generic Adhaar.

While establishing a new ecosystem in the traditional Indian pharmaceutical market, his company aims at solving two persisting problems - accessibility and affordability of medicines. Generic Adhaar, which was started in 2018 when Arjun was 16-year-old, provides high-quality generic medicines directly to end customers by eliminating the chain of intermediaries such as marketers, distributors, and stockists. This helps them in cutting down costs significantly and providing medicines at up to 80-90 percent discounts.

Odisha train accident LIVE | Train movement restarts in Balasore 51 hours after crash

The Odisha triple train accident has left at least 275 people dead and over 1,175 injured. The crash involving Bengaluru-Howrah Superfast Express, the Shalimar-Chennai Central Coromandel Express and a goods train occurred on Friday near the Bahanaga Bazar station in Balasore, about 250 km south of Kolkata and 170 km north of Bhubaneswar.

The incident occurred at around 7 pm on June 2 when 10-12 coaches of the Shalimar-Chennai Coromandel Express derailed, causing them to fall onto the opposite track. The Bengaluru-Howrah Superfast Express collided with the derailed coaches, derailing 3-4 of its own coaches. A goods train was also involved in the crash.

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