Reliance Retail buys 60% of NetMeds parent for ₹620 crore, enters e-pharmacy
Reliance Retail acquired a majority stake in NetMeds parent Vitalic Health for ₹620 crore, with a path to full ownership by 2024. The move pits Reliance against Amazon and the merging PharmEasy-MedLife in India's fast-consolidating online pharmacy market, despite regulatory uncertainty.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering online pharmacy to rival Amazon, amid regulatory uncertainty over e-pharmacies and PharmEasy-MedLife merger consolidation.
Why this matters
Reliance Retail's ₹620 crore purchase of a 60% stake in NetMeds parent Vitalic Health marks its entry into e-pharmacy, escalating competition with Amazon and the PharmEasy-MedLife merger.
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