Reliance Retail Takes Netmeds Offline With First Physical Pharmacy Store In Chennai
Reliance Retail has opened its first Netmeds-branded physical pharmacy in Chennai, pushing its healthcare arm into offline pharma retail. The move extends the online business it acquired in 2020 into a brick-and-mortar omni-channel play.
Reliance Retail launched its first Netmeds-branded physical pharmacy store in Chennai, expanding its healthcare business into offline pharma retail beyond the online space acquired in 2020.
Why this matters
The offline pharmacy push follows Reliance Retail's WhatsApp-JioMart grocery rollout across 260 towns, reinforcing an omni-channel strategy as brokerages flag it as the weakest Q1 segment ahead of the IPO.
Store-opening activity holding steady with 1,234 signals in the last 90 days.