Amazon to invest about $100 million in ApolloPharmacy, the Indian pharmacy chain
of Apollo Hospitals

Amazon's plans to expand in #India come after the launch of its own Amazon
Pharmacy service in the US on November 17.

US customers can now buy prescription drugs easily through Amazon's main
website.

This potential #investment will act as a heavy competition for Reliance, which
recently bought a majority stake in Netmeds.

However, the growth of e-pharmacies is not supported by many Indian trader
groups as online drugstores can contribute to medicine sales without proper
verification and lead to huge unemployment.

One must learn from Amazon on how to leverage brands internally & attain a
competitive edge.

Members of Amazon Prime would get exclusive two-day delivery and big price cuts
on generic & brand name drugs.

This is not the first time Amazon has entered in the #epharmacy sector.

In 2018, it bought a small drug-delivery startup called PillPack and in Jun'19,
it launched a brand of over-the-counter #medication.

In August 2020, the company also launched a health-monitoring wristband called
Halo.

Amazon always fights the sectoral wars, fully equipped.

Do you think medicines via Amazon will be much more regulated and this will make
it grab a lion's share in the space?



Posted by Radhika Bajoria on LinkedIn
link: linkedin.com/in/radhika-bajoria-3102ba158