Reliance Retail's Netmeds offline push resurfaces: first Chennai pharmacy store move dates back to January 2023
Resurfacing a January 2023 move, Reliance Retail had opened a Netmeds pharmacy store in Chennai, extending its e-pharmacy brand into physical retail and signalling an omnichannel push in healthcare retail.
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 store followed Reliance Retail's 2020 acquisition of 60% of Netmeds parent Vitalic Health for ₹620 crore, showing the retailer's move from owning an e-pharmacy platform to building an offline healthcare retail presence.
Omni-channel signals are accelerating, up 201400% QoQ.