Reliance Retail expands retail network of Netmeds

Reliance Retail has made a foray into standalone pharmacy stores under its subsidiary, Netmeds, a move that will intensify competition in the highly fragmented Rs 2-lakh cr organised pharma retail market. So far, Netmeds, the e-pharmacy chain majority controlled by Reliance Retail, has focused on the online sale and delivery of medicines. The company currently operates around 1,000 shop-in-shop pharma stores across Reliance Smart Bazaar in cities, and Smart Point stores in towns and villages. Now, Reliance Retail comes forward to expand retail network of Netmeds, offering new business opportunity for the signage companies engaging in in-store graphics and branding projects.