Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore

Reliance Retail enters e-pharmacy by acquiring a majority stake in NetMeds' parent Vitalic Health, with plans to raise ownership to 100% by 2024. The move positions Reliance against Amazon, PharmEasy and MedLife amid regulatory uncertainty from druggist associations.

— Filed Sat, 11 Jul, 2026, 10:35 IST · Source Medianama · Updated

Reliance Retail bought a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, entering e-pharmacy to rival Amazon, with plans to raise ownership to 100% by 2024 amid regulatory uncertainty from druggist associations.

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