Amazon looking to invest ₹740 cr in India's Apollo Pharmacy: Report
Amazon is planning to potentially invest nearly $100 million (approx ₹740 crore) in one of India's largest branded pharmacy chains, Apollo Pharmacy, The Economic Times reported. Amazon forayed into the Indian medicine space with its online pharmacy in August. Earlier this year, Reliance bought a majority stake in online pharmacy Netmeds and reports of Tata's acquisition of 1mg also emerged.