Reliance Retail Opens First Offline Netmeds Store in Chennai, Enters Brick-and-Mortar Pharma
Reliance Retail launched its first physical Netmeds pharmacy in Chennai, taking the online platform it acquired for INR 620 Cr in 2020 offline and adding a new pharma vertical to its grocery, fashion and electronics store network.
Reliance Retail opens its first offline Netmeds pharmacy store in Chennai, expanding the online pharmacy platform into brick-and-mortar retail, adding to its grocery, fashion and electronics footprint.
Why this matters
This follows Reliance Retail's push to grow JioMart and dark-stores toward 2x EBITDA by FY28-29, showing pharma joining its offline expansion alongside grocery and electronics.
Store-opening signals remain steady at 1,294 in the past 90 days.