Reliance Takes Netmeds Offline With First Brick-And-Mortar Pharmacy In Chennai
Reliance Retail has opened its first physical Netmeds pharmacy in Chennai, extending the epharmacy brand it acquired in 2020 into offline retail. The move blends online-offline pharma operations as Reliance targets India's fast-organizing pharmacy market.
Reliance Retail entered offline pharmacy retail by opening its first Netmeds brick-and-mortar store in Chennai, extending the 2020-acquired epharmacy brand into physical retail and combining online-offline pharma operations in India's organized pharmacy market.
Why this matters
The launch marks Netmeds' shift from a purely online epharmacy, acquired by Reliance in 2020, into physical retail, echoing recent signals of Reliance taking Netmeds offline with its first Chennai pharmacy store.
Store openings held steady with 1,152 signals over the past 90 days.