Reliance Retail's Netmeds Move Offline: Revisiting Its First Chennai Pharmacy Store
Resurfacing a January 2023 move, Reliance Retail had opened a Netmeds physical pharmacy in Chennai, extending its e-pharmacy brand into offline retail and signalling an omnichannel push in medicines and healthcare.
Reliance Retail entered offline pharmaceutical retail by opening a Netmeds store in Chennai, extending the e-pharmacy brand into physical retail.
Why this matters
The Chennai opening followed Reliance Retail’s August 2020 ₹620 crore acquisition of 60% of Netmeds parent Vitalic Health, extending its Netmeds strategy from e-pharmacy into physical stores.
Store-opening is steady, with 1,710 signals recorded in the past 90 days.