Reliance Retail takes Netmeds offline with first physical pharmacy store in Chennai
Reliance Retail has opened a brick-and-mortar Netmeds store in Chennai, extending the e-pharmacy brand it acquired in 2020 into physical distribution. The move pits Netmeds against India's offline pharmacy chains and signals an omni-channel play in the growing organized pharma-retail segment.
Reliance Retail has entered offline pharmacy retail by opening a physical Netmeds store in Chennai, extending the e-pharmacy brand it acquired in 2020 into brick-and-mortar distribution and competing in India's physical pharmacy segment.
Why this matters
Netmeds is moving beyond online sales, with Reliance opening its first physical pharmacy in Chennai. The shift extends the brand Reliance acquired in 2020 into offline distribution and signals an omni-channel push against established pharmacy chains.
Store openings held steady with 1,032 signals over the past 90 days.