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

Reliance Retail acquired a 60% equity stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, entering the e-pharmacy space to challenge Amazon and PharmEasy. It plans to raise ownership to 100% by 2024.

— Filed Fri, 10 Jul, 2026, 13:35 IST · Source Medianama · Updated

Reliance Retail acquired a 60% stake in Vitalic Health, parent of online pharmacy NetMeds, for ₹620 crore, entering e-pharmacy to rival Amazon, with plans to raise ownership to 100% by 2024.

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