Reliance Retail Takes Netmeds Offline With First Physical Pharmacy Store In Chennai
Reliance Retail has opened its first Netmeds-branded brick-and-mortar pharmacy in Chennai, extending the online-first chain it acquired in 2020 into offline retail. The move pits Netmeds against organized pharmacy players in India's growing physical drug retail segment.
Reliance Retail entered offline pharmacy retail by opening its first Netmeds-branded physical store in Chennai, expanding the Netmeds business it acquired in 2020 from online-only into brick-and-mortar to compete in India's organized pharmacy segment.
Why this matters
Netmeds, acquired by Reliance Retail in 2020 as an online-first pharmacy, is moving offline with its first Chennai store, signaling an omnichannel push against organized physical pharmacy rivals.
Store openings held steady with 1,236 signals over the last 90 days.