Reliance Jio May Kick Off Acquisition Spree, Starting With Netmeds

JioHealthHub is looking to acquire Pradeep Dadha-founded Netmeds that will help the company compete with 1mg, Pharmeasy, Medlife and other online pharmacy players.

A report said Jio wants to boost the adoption of many of its consumer facing apps in terms of active users. The first focus will be on online pharmacy and telemedicine, according to the report.

Reliance Jio may also enter niche markets if needed to win the digital consumer market. Moreover, the company is looking to deploy a combination of subscription and digital advertising revenues by leveraging the monetisation of the apps.

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