Reliance Retail buys 60% of NetMeds parent for ₹620 crore, entering 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 deal pushes Reliance into online pharmacy against Amazon and consolidating players like PharmEasy-MedLife.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to compete with Amazon, amid regulatory uncertainty and consolidation like the PharmEasy-MedLife merger.
Why this matters
The ₹620 crore NetMeds deal extends Reliance Retail's aggressive push into new verticals, adding online pharmacy to its consumer footprint as it battles Amazon and consolidating players like PharmEasy-MedLife.
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