Reliance Industries acquires cancer tech firm Karkinos for $47.5M to expand health services.

Reliance Industries, led by Mukesh Ambani, acquired Karkinos Healthcare for Rs 375 crore, a tech-driven platform focused on cancer detection and treatment. Founded in 2020, Karkinos had a turnover of Rs 22 crore in 2022-23. The acquisition aims to expand Reliance's health services portfolio and was approved by the National Company Law Tribunal. Karkinos partners with around 60 hospitals and plans to open a 150-bed cancer hospital in Imphal.

3 months ago
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