Reliance Retail enters offline pharma retail with Netmeds Store in Chennai

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Reliance Retail has entered the offline pharma retail market through its subsidiary Netmeds; the company has reportedly opened its first standalone store in Chennai. Netmeds had previously concentrated on the online sale and delivery of medications.

Following the opening of its first store in Chennai, Reliance Retail plans to open more than 2,000 standalone pharmacy stores in a year, according to the Times of India. The pharma store will sell alternative medicine categories such as Ayurveda, Unani, and Homeopathy in addition to conventional medicines. Although the opening of offline stores through Netmeds will be Reliance Retail’s first foray into the offline pharma business, the company already operates around 1,000 shop-in-shop pharma stores through Reliance Smart Bazaar in cities and Smart Point stores in towns and villages.

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Reliance Retail enters offline pharma retail with Netmeds Store in Chennai

Reliance Retail has entered the offline pharma retail market through its subsidiary Netmeds; the company has reportedly opened its first standalone store in Chennai. Netmeds had previously concentrated on the online sale and delivery of medications.

Following the opening of its first store in Chennai, Reliance Retail plans to open more than 2,000 standalone pharmacy stores in a year, according to the Times of India. The pharma store will sell alternative medicine categories such as Ayurveda, Unani, and Homeopathy in addition to conventional medicines. Although the opening of offline stores through Netmeds will be Reliance Retail’s first foray into the offline pharma business, the company already operates around 1,000 shop-in-shop pharma stores through Reliance Smart Bazaar in cities and Smart Point stores in towns and villages.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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