Reliance Retail acquires majority stake in Netmeds for ₹620 crore
Reliance Retail Ventures has taken a majority stake in Chennai-based online pharmacy Netmeds for ₹620 crore, marking Reliance's entry into online healthcare and pharmaceutical distribution and broadening its digital commerce footprint.
Reliance Retail Ventures acquired a majority stake in Chennai-based online pharmacy Netmeds for ₹620 crore, marking Reliance's entry into online healthcare and pharmaceutical distribution.
Why this matters
The Netmeds acquisition extends Reliance Retail's digital health play, later reinforced by its first offline Netmeds pharmacy store in Chennai and leadership moves like naming ex-Flipkart tech chief Jeyandran Venugopal as CEO.
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