Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail enters the e-pharmacy space with a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, positioning it against Amazon, PharmEasy and MedLife. Reliance plans to reach full ownership by 2024, despite unresolved regulatory hurdles around online pharmacy.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering the e-pharmacy space against Amazon, with plans to reach full ownership by 2024 amid unresolved regulatory hurdles.
Why this matters
Reliance Retail's ₹620 crore NetMeds acquisition marks its formal entry into e-pharmacy, extending its retail expansion into online healthcare and setting up direct rivalry with Amazon and PharmEasy.
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