Resurfacing a August 2020 move: Reliance Retail bought 60% of NetMeds parent Vitalic Health for ₹620 crore
Back in August 2020, Reliance Retail acquired a 60% stake in Vitalic Health, the parent of NetMeds, for ₹620 crore, securing full ownership of NetMeds Marketplace, Tresara Health and Dadha Pharma Distribution. The deal expanded Reliance’s digital healthcare and JioMart-linked commerce ambitions amid e-pharmacy consolidation.
Reliance Retail acquired 60% of NetMeds parent Vitalic Health for ₹620 crore, gaining full control of its subsidiaries and strengthening JioMart-linked digital commerce. The deal comes amid e-pharmacy consolidation and unresolved Indian regulation; PharmEasy is also merging with MedLife.
Why this matters
The 2020 NetMeds acquisition preceded Reliance Retail's January 2023 move to take Netmeds offline with its first pharmacy store in Chennai, indicating an online-to-offline healthcare retail strategy.
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