Jeff Bezos’ new move in India

Amazon announced the launch of Amazon Pharmacy, its first online pharmacy in India, as part of a strategy to expand its business in the Asian country. “data-reactid =” 19 “> The retail giant Amazon announced the launch of Amazon Pharmacy, its first online pharmacy in India, as part of a strategy to expand its business in the Asian country.

greatest millionaire man on the planet, began operations on August 14 in Bangalore, the capital of Karnataka state, in southern India. “data-reactid =” 20 “> The service of the company of Jeff Bezos, the greatest millionaire man on the planet, began operations on August 14 in Bangalore, the capital of the southern Indian state of Karnataka.

Amazon Pharmacy markets over-the-counter and prescription drugs, as well as traditional herbal medicines and general health wellness devices.

TechCrunch. “data-reactid =” 22 “> Bezos’s company has invested more than $ 6.5 billion in its operations in India, according to TechCrunch.

PillPack online pharmacies, for almost one billion dollars, the name under which it operates in other markets. “data-reactid =” 23 “> In 2018, the company had acquired the online pharmacy startup PillPack, for almost one billion dollars, name with which operates in other markets.

The launch of Amazon Pharmacy joins other moves by Jeff Bezos in India.

In May 2020, it launched the food delivery service in Bangalore. The following month, it received authorization for the sale and distribution of alcohol in the state of West Bengal.

In July 2020, it began selling auto insurance, which it plans to extend to health, flights, and taxis.

Emerging market

Selling medicines online is an emerging market in India, where regulations are unclear. In fact, antibiotics are available without a prescription.

The market is dominated by companies such as 1mg, Netmeds, Medlife and PharmEasy, which distribute in much of the country.

Amazon started its operations with a discount offer of up to 20 percent on all orders, with the aim of increasing its participation.

Walmart, both US-based companies must face Reliance Retail, India’s largest retail chain. “data-reactid =” 31 “> Although their biggest competition in this country is Walmart’s Flipkart, both US-origin companies must face Reliance Retail, the largest retail chain in India.

JioMart at the end of 2019 and currently operating in more than 200 cities. “data-reactid =” 32 “> The company is owned by Mukesh Ambani, the richest man in India, who implemented the e-commerce service JioMart late of 2019 and currently operating in more than 200 cities.