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RIL’s foray into the e-pharmacy business is a step towards Virtual Health from home

Reliance Retail’s foray into pharma extends the scope of its e-commerce business and presages exploration of new growth areas such as telemedicine and diagnostics

August 19, 2020 / 09:00 PM IST
RIL’s foray into the e-pharmacy business is a step towards Virtual Health from home

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Close on the heels of Amazon India, which launched ‘Amazon Pharmacy’ a few days back in Bangalore, RIL Reliance Retail announced the acquisition of a majority stake in leading digital pharma market place ‘Netmeds’ through its retail subsidiary - Reliance Retail Ventures Limited (RRVL). These events are an indication of the disruption in store for Pharma distribution, which is also likely to lead to consolidation in the business. RIL’s presentation for the FY20 corporate results had already given investors...

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