Boom and the race to tap e-pharmacy sector in India in pics: Things to know

RIL-Netmeds

Reliance Retail Ventures Ltd has acquired a majority equity stake in Netmeds for a cash consideration of around Rs 620 crore.

Amazon Pharmacy

Last week, Amazon India had announced the launch of Amazon Pharmacy, wherein it will deliver prescription-based medication in partnership with a seller on the platform. The service is being launched in Bengaluru initially and may be scaled up to other cities in the future.

There are also reports that Flipkart may also venture into the segment, though the Walmart-owned company has not announced any plans yet.

Medilife-PharmEasy

E-health companies Medlife and PharmEasy have agreed for a merger, according to the filings submitted by the companies to the Competition Commission of India (CCI).