Reliance Retail buys 60% of NetMeds parent Vitalic Health for ₹620 crore
Reliance Retail acquires a majority stake in NetMeds' parent Vitalic Health for ₹620 crore, entering e-pharmacy to challenge Amazon, PharmEasy and Medlife. It plans to lift ownership to 100% by 2024, betting on online medicine delivery despite regulatory uncertainty.
Reliance Retail acquired a 60% stake in NetMeds parent Vitalic Health for ₹620 crore, expanding into e-pharmacy to compete with Amazon, with plans to raise ownership to 100% by 2024 amid regulatory uncertainty.
Why this matters
The Vitalic Health acquisition extends Reliance Retail's aggressive expansion into new digital verticals, planting NetMeds as its e-pharmacy play to challenge Amazon, PharmEasy and Medlife in online medicine delivery.
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