Reliance's Netmeds goes offline with first Chennai store, plans 2,000+ outlets in a year
Reliance Retail's Netmeds has opened its first standalone pharmacy in Chennai, targeting 2,000+ outlets within a year. The move takes the online pharmacy into physical retail, escalating competition against Apollo, Tata 1mg and DMart in India's Rs 2-lakh-crore pharma market.
Reliance Retail's Netmeds enters offline pharmacy retail, opening its first standalone store in Chennai with plans for over 2,000 outlets within a year, intensifying competition in India's organised pharma retail market against Apollo, Tata 1mg, and DMart.
Why this matters
Netmeds' first Chennai brick-and-mortar store marks Reliance Retail's push from online pharmacy into physical retail, with a stated 2,000+ outlet target intensifying rivalry with Apollo, Tata 1mg and DMart.
Store-opening activity is steady, with 1,169 signals recorded over the last 90 days.