
Netmeds Marketplace
Founded Year
2015Stage
Corporate Majority | AcquiredTotal Raised
$103.72MValuation
$0000About Netmeds Marketplace
Netmeds Marketplace is an online pharmacy marketplace that makes a range of prescription medicines and other health products available all across India. On August 18, 2020, Reliance Retail acquired a majority stake of Netmeds Marketplace for $83.2 million.
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Research containing Netmeds Marketplace
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CB Insights Intelligence Analysts have mentioned Netmeds Marketplace in 2 CB Insights research briefs, most recently on Nov 30, 2021.
Expert Collections containing Netmeds Marketplace
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Netmeds Marketplace is included in 4 Expert Collections, including E-Commerce.
E-Commerce
10,031 items
Pharma Supply Chain
1,258 items
Digital Health
13,069 items
Technologies, platforms, and systems that engage consumers for lifestyle, wellness, or health-related purposes; capture, store, or transmit health data; and/or support life science and clinical operations. (DiME, DTA, HealthXL, & NODE.Health)
Biopharma Tech
401 items
Latest Netmeds Marketplace News
Oct 23, 2021
Share story Share story The consumer traffic on Netmeds rose 48% in the July-September quarter and the company doubled its store footprint In August last year, Reliance Retail acquired a 60% equity stake in epharmacy startup Netmeds for INR 620 Cr ($83 Mn) RIL has 100% equity ownership of Netmeds subsidiaries — Tresara Health Pvt Ltd, Netmeds Marketplace Ltd and Dadha Pharma Distribution Private Limited Reliance-owned epharmarcy platform Netmeds has launched subscription and wholesale services. In its regulatory filing announcing the financial results for the second quarter of FY22, Reliance Industries said that the online pharma platform also launched ‘Netmeds Wholesale’ in the quarter ended September. The Netmeds website showed that a customer can now subscribe and schedule subsequent deliveries. The consumer traffic on Netmeds rose 48% in the July-September quarter and the company doubled its store footprint with 423 new stores, it said. “Pharma business continues to grow strength to strength and commissioned 423 new stores during the quarter and expanded product portfolio with an addition of 15,000 SKUs across 450+ brands,” Reliance said. The online pharma arm of RIL also strengthened its product portfolio and operationalised 20 new fulfilment centres. It also said that Netmeds has scaled up its hyperlocal deliveries. During its Q4 FY21 earnings call, the oil-to-telecom giant had said that hyperlocal delivery in pharma is a major focus for the company In August last year, Reliance Retail entered the online medicine delivery space by acquiring a 60% equity stake in epharmacy startup Netmeds, formally known as Vitalic Health Private Limited, for INR 620 Cr ($83 Mn). RIL has 100% equity ownership of Netmeds subsidiaries — Tresara Health Pvt Ltd, Netmeds Marketplace Ltd and Dadha Pharma Distribution Private Limited. All these subsidiaries are collectively known as Netmeds, and are in the business of pharma distribution and sales, and business support services. Netmeds was founded in 2010 by Pradeep Dadha. The startup is a licensed pharmacy marketplace that offers authenticated prescription and over-the-counter (OTC) medicine digitally along with other health products. The company had acquired two healthtech startups KiViHealth and telemedicine startup JustDoc before getting acquired by Reliance. The epharma segment in India has witnessed a massive consumer demand amid the pandemic and has attracted interest from investors and large corporates, including RIL and Tata Sons. In June this year, Tata Digital, the digital services subsidiary of Tata Sons, announced a majority stake acquisition in Delhi NCR-based epharmacy and telemedicine startup 1MG.
Netmeds Marketplace Frequently Asked Questions (FAQ)
When was Netmeds Marketplace founded?
Netmeds Marketplace was founded in 2015.
Where is Netmeds Marketplace's headquarters?
Netmeds Marketplace's headquarters is located at Bengaluru.
What is Netmeds Marketplace's latest funding round?
Netmeds Marketplace's latest funding round is Corporate Majority.
How much did Netmeds Marketplace raise?
Netmeds Marketplace raised a total of $103.72M.
Who are the investors of Netmeds Marketplace?
Investors of Netmeds Marketplace include Reliance Retail, Sistema Venture Capital, Tanncam, Daun Penh Cambodia Group, OrbiMed Advisors and 4 more.
Who are Netmeds Marketplace's competitors?
Competitors of Netmeds Marketplace include SastaSundar and 6 more.
Compare Netmeds Marketplace to Competitors

1mg operates an online consumer wellness store. The company's platform provides products for diabetes, bodybuilding supplements, home medical and baby products, elderly care, nutrition, personal care, chronic care, vision care, and skincare. The company was founded in 2015 and is based in Gurgaon, India. In June 2021, Tata Group acquired a majority stake in 1mg. The terms of the transaction were not disclosed.

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Mobident, owned and operated by Doux Dentistry, attempts to make dental care inexpensive offering a portable dental clinic chain, delivering its services at customer's doorsteps.
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