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, gaining full ownership of key subsidiaries. The deal pushes Reliance into India's e-pharmacy market against Amazon, PharmEasy and MedLife.
Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, gaining full ownership of subsidiaries and moving to compete with Amazon in India's e-pharmacy space.
Why this matters
The ₹620 crore NetMeds deal marks Reliance Retail's entry into online pharmacy, extending its aggressive push into digital commerce and setting up direct competition with Amazon and PharmEasy.
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