Amazon likely to invest $100 million in Appollo pharmacy

Amazon.com Inc is considering investing approximately $100 million in India’s Apollo Pharmacy. According to Economic Times, this masterstroke is played to compete in India’s growing drug market which has rivals like Tata Group and Reliance Industries. Mukesh Ambani owned RRVL in August had acquired 100% direct equity ownership in Netmeds. Tata Group was reportedly in talks with 1mg Pharmacy to invest around $100 million with other potential investors. Amazon already delivers medicines in India and this investment will increase the chances of striving the e-pharmacy industry more definite.