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Amazon in talks to invest in India's MedPlus - FactorDaily


(Reuters) - com Inc is in early talks to invest in chain MedPlus, Indian website FactorDaily reported on Tuesday, citing sources.

Health Services runs over 1,500 pharmacies in India, according to the company's website. The also operates MedPlusMart, lab testing centres Pathlabs and surgical equipment distribution business RiteCure.

"We do not comment on what we may do or may not do in the future," an told was not immediately available for comment.

ventured into the pharmacy space last month, buying the U.S.-based small online drugstore Pillpack, putting the in direct competition with and

has been an important growth market for the U.S. ecommerce giant, which expects groceries and to account for over half of its business in in the next five years.

(Reporting by in Bengaluru)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, July 18 2018. 19:50 IST