Reliance completed the acquisition of a 60% stake in Netmeds for $83m.

Reliance Industries completed the acquisition of a 60% stake in Netmeds, an online pharmaceutical retailer, for $83m. "This investment is aligned with our commitment to provide digital access for everyone in India. The addition of Netmeds enhances Reliance Retail’s ability to provide good quality and affordable health care products and services, and also broadens its digital commerce proposition to include most daily essential needs of consumers. We are impressed by Netmeds’ journey to build a nationwide digital franchise in such a short time and are confident of accelerating it with our investment and partnership,” Isha Ambani, Reliance Retail Director.