Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquires a majority stake in Vitalic Health, parent of online pharmacy NetMeds, pushing into e-pharmacy to rival Amazon and PharmEasy. The deal comes despite unresolved regulatory hurdles and opposition from chemist bodies.
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, expanding into e-pharmacy to rival Amazon amid unresolved regulatory hurdles and chemist-body opposition.
Why this matters
The NetMeds buy marks Reliance Retail's entry into e-pharmacy, positioning it to challenge Amazon and PharmEasy in online healthcare even as regulatory and chemist-body resistance remains unresolved.
retail-company theme accelerating at +727700% QoQ.