Netmeds Opens First Physical Pharmacy Store in Chennai
Reliance Retail has taken its Netmeds pharmacy brand offline, launching a brick-and-mortar store in Chennai. The move extends Netmeds beyond its online roots, building an omni-channel pharmaceutical footprint six years after Reliance Retail Ventures acquired the brand in 2020.
Reliance Retail entered offline pharmacy retail by opening a Netmeds physical store in Chennai, extending beyond its online pharmacy business. Netmeds was acquired by Reliance Retail Ventures in 2020; the move builds a brick-and-mortar pharmaceutical footprint complementing digital operations.
Why this matters
Netmeds' first physical store signals Reliance Retail's push to convert its online pharmacy brand into an omni-channel operation, six years after the 2020 acquisition, mirroring broader offline expansion moves.
Store openings holding steady with 869 signals over the last 90 days.