Amazon may invest $100 million in India's Apollo Pharmacy: Report

Topics Amazon | Apollo  | Pharma industry


BENGALURU (Reuters) - Amazon.com Inc is considering a nearly $100 million investment in India's pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country's fast-growing drug market, the Economic Times reported on Wednesday, citing two people aware of the plans.

(https://bit.ly/3oy7TfO) Amazon already delivers medicines in India and the potential investment would come amid rising competition from Mukesh Ambani's Reliance, which bought a majority stake in online pharmacy Netmeds. Tata.....

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