Reliance Retail acquires majority stake in Netmeds parent for ₹620 crore
Reliance Retail Ventures has taken a majority stake in Vitalic Health, the parent of online pharmacy Netmeds, for about ₹620 crore. The deal marks Reliance's entry into online pharmacy and digital healthcare, expanding its footprint beyond groceries and general merchandise.
Reliance Retail Ventures acquired a majority stake in online pharmacy Netmeds' parent Vitalic Health for about ₹620 crore, marking its entry into online pharmacy and digital healthcare, expanding beyond groceries and general merchandise.
Why this matters
The Vitalic/Netmeds deal extends Reliance Retail's push into digital commerce, moving beyond groceries and general merchandise into online pharmacy and healthcare for the first time.
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