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.

— FiledFri, 10 Jul, 2026, 13:35 IST·First seen Fri, 10 Jul, 2026, 13:34 IST·Source Medianama

What happened

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

Key facts

  • 60% equity stake
  • ₹620 crore
  • 100% ownership
  • FY20 net loss ₹184.3 crore
  • NetMeds net loss ₹164.15 crore
  • additional 20% stake by 2024
  • 19.59% ownership

Why this matters

The 60%-to-100% staged buyout of Vitalic Health shows Reliance's playbook of majority-then-full acquisition, a template worth watching as consolidation heats up across Indian online pharmacy targets.

What to watch

  • New central e-pharmacy regulation or Drugs Rules amendments
  • PharmEasy/API Holdings funding and Amazon Pharmacy expansion moves
  • NetMeds GMV and order-volume disclosures in Reliance filings
  • Chemist association (AIOCD) litigation or protests
  • Follow-on acquisitions in diagnostics or healthtech
  • Integrate NetMeds catalog and fulfillment into JioMart app
  • Expand pharmacy license coverage across new states
  • Layer in teleconsultation and diagnostics services
  • Deploy discounts and Jio-subscriber bundling to acquire users
  • Progress toward 100% ownership per stated 2024 timeline

Also reported by