Reliance Retail Takes Netmeds Offline With First Brick-and-Mortar Pharmacy in Chennai
Reliance Retail has opened a physical Netmeds store in Chennai, extending its e-pharmacy brand into offline pharma retail. The move signals an omni-channel play in a fast-growing pharmacy segment and sets up direct competition with Apollo, Tata 1mg and MedPlus in the offline space.
Reliance Retail has entered offline pharmacy retail by opening a Netmeds brick-and-mortar store in Chennai, expanding beyond Netmeds' existing e-pharmacy operations into physical pharma retail.
Why this matters
Netmeds' first physical store marks Reliance Retail's push from online-only pharmacy into brick-and-mortar retail, taking on Apollo, Tata 1mg and MedPlus in the offline pharma segment.
Store-opening activity is steady, with 1,264 signals recorded over the past 90 days.