Amazon may invest $100 Mn in Apollo Pharmacy to boost its Epharmacy business
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In a bid to boost its epharmacy business, Amazon is looking to invest about $100 Mn or INR 737 Cr in Apollo Pharmacy to take on Reliance Retail, Tata Group, Flipkart and all other companies operating in online medicines. With this, the ecommerce giant will gain access to Apollo’s front-end pharmacy business with over 3,700 outlets. Amazon launched its online pharmacy service ‘Amazon Pharmacy’ in August 2020.