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.
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