Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, with plans to reach full ownership by 2024. The deal escalates Reliance's e-pharmacy rivalry with Amazon, PharmEasy and MedLife amid regulatory uncertainty.
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, with plans to reach full ownership by 2024, escalating its e-pharmacy rivalry with Amazon amid regulatory uncertainty.
Why this matters
The NetMeds acquisition marks Reliance Retail's entry into e-pharmacy, extending its digital commerce push and setting up direct competition with Amazon, PharmEasy and MedLife.
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