Reliance Retail buys 60% of Netmeds for Rs 620 crore to complete digital health play
RIL's second e-pharmacy deal folds Netmeds' network across 670 cities and 70,000 drugs into a digital health ecosystem spanning consultation, diagnostics and medicine delivery, leveraging Reliance's physical retail footprint against an $18-19 billion medicine market with just 3-3.5% online penetration.
Reliance Retail acquires 60% of digital pharmacy Netmeds for Rs 620 crore, its second e-pharmacy deal, completing RIL's digital health ecosystem of consultation, diagnostics and medicine delivery leveraging its physical retail network.