Reliance's Netmeds Opens First Physical Pharmacy Store in Chennai
Reliance Retail is taking its acquired online pharmacy platform Netmeds offline, launching a brick-and-mortar store in Chennai. The move marks an omni-channel push into physical pharma retail, a segment dominated by Apollo and Tata's 1mg.
Reliance Retail launched a Netmeds physical pharmacy store in Chennai, entering offline pharma retail and expanding the acquired online pharmacy platform beyond its digital channels into brick-and-mortar.
Why this matters
Netmeds, Reliance's acquired online pharmacy, is going offline with its first Chennai store, marking an omni-channel shift to challenge Apollo and Tata's 1mg in physical pharma retail.
Store-opening activity is steady with 1,197 signals over the last 90 days.