Mumbai / Bhubaneswar: Reliance Industries Limited (RILIL) has announced that its subsidiary Reliance Retail Ventures Limited (RRVL), collectively known as ‘Net4Meds4’, is a privately owned joint venture. Acquired in the amount. The investment is a wholly owned equity capital of Vitalik4, with its affiliates such as Treasury Health Pvt.
Founded in 2015, Vitalik and its affiliates are involved in pharma distribution, sales and business support services. Its affiliates are running an online pharmacy platform called Netmeds, which connects customers with pharmacists and delivers medicines, surface health and wellness products.
