Resurfacing a 2020 move: Reliance Retail acquired 60% of Netmeds parent Vitalic for ₹620 crore
Back in August 2020, Reliance Retail Ventures bought a 60% stake in Netmeds holding company Vitalic, extending its digital-health and e-commerce reach. The transaction included a route to raise ownership to 80% by April 2024, with an option for full control.
Reliance Retail Ventures acquired 60% of Netmeds parent Vitalic for Rs 620 crore, expanding Reliance’s Indian digital-health and e-commerce footprint. The deal includes a pathway to 80% ownership by April 2024 and potential full control.
Why this matters
Reliance Retail Ventures' 2020 Netmeds investment predates its ₹1,645 crore write-off of Dunzo after the quick-commerce platform shut down, showing its broader record of digital retail bets across health and delivery.
Omni-channel is steady, with 1,503 signals recorded in the past 90 days.