RIL Picks Majority Stake in Netmeds- How It Became 'India Ki Pharmacy'

Business Standard RIL picks majority stake in Netmeds: How it became 'India ki pharmacy'

Promoted by Dadha Pharma, Netmeds is one of the earliest players in online pharmacy having incorporated in 2015.

Reliance Industries Ltd has acquired a majority stake in Chennai-based online pharmacy delivery startup Netmeds (Vitalic Health Pvt. Ltd) for a cash consideration of approximately Rs 620 crore. Promoted by Dadha Pharma, Netmeds is one of the earliest players in online pharmacy having incorporated in 2015.

"It is indeed a proud moment for Netmeds to join Reliance family and work together to make quality healthcare affordable and accessible to every Indian.

With the combined strength of the group’s digital, retail and tech platforms, we will strive to create more value for everyone in the ecosystem, while providing a superior Omni Channel experience to consumers," said Pradeep Dadha, Founder & CEO, Netmeds.

Now, let's take a look at the success story of Netmeds from just an idea to becoming 'India Ki Pharmcy'.

Netmeds was founded in 2010 by Pradeep Dadha, whose family ventured into the pharmaceutical retailing business in 1914 and entered into drug manufacturing in 1972.

The manufacturing unit, Tamil Nadu Dadha Pharmaceuticals, was later merged with Sun Pharma in 1996. Today, the Group sells drugs in wholesale in Kerala and retail in Tamil Nadu.