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E Commerce

E Commerce

Netmeds.com is an online E-Commerce company headquartered in Chennai. Netmeds is brought to you by the Dadha & Company - one of India's most trusted pharmacies, with over 100 years of experience. Netmeds serves more than 3.7 million customers in more than 610 cities and 19,000 pin codes across the country. By July 2018, the mobile application of Netmeds.com had been downloaded 3 million times,The Chennai-based firm has won many accolades, including the prestigious Economic Times - Gamechanger of India 2018, ET Now Digital Healthcare Company of the year & Best Digital Healthcare Start-up 2019, Zee Business Dare to Dream Award 2018 for Emerging Company of the Year & Heath-Tech Start-up of the Year award at the NDTV Unicorn Start-up Awards 2016 among many others. Netmeds.com currently has 14 fulfillment centres operational across India and will operationalize more to ensure efficient and quicker deliveries pan-India.

Latest Stories and News

India's Reliance Retail acquires a majority stake in online pharmacy Nedmeds for $83.2M

  • TechCrunch
  • 4 weeks ago
  • Reliance Retail has bought a 60% stake in pharma marketplace Netmeds’ parent firm Vitalic for about $83.2 million, as India’s largest retail chain looks to expand into new categories and compete more closely with American e-commerce group Amazon.
  • The deal, which grants Reliance a 100% ownership of Vitalic’s subsidiaries (Netmeds, Tresara, and Dadha Pharma), valued the parent firm at about $134 million.
  • Netmeds, which connects customers to pharmacists and enables door step delivery of medicines, serves 5.7 million customers in more than 670 cities and towns and online.
  • Reliance Retail plans to expand its ownership in Vitalic to at least 80% by April 2024 and holds the rights to own 100% in the future.
India's Reliance Retail acquires a majority stake in online pharmacy Nedmeds for $83.2M

Tom C George

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Curious and Quick Learner in new Technologies|| Operations Management || Product Management || Digital marketing || DevOps

MAYURI SURANA

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