According to Reuters, Reliance launched a small pilot of JioMart deliveries in select areas of the Indian financial capital Mumbai in late May 2020, days after announcing that Facebook would invest USD 5.7 billion for a 9.99% stake in the company’s digital unit, Jio Platforms. Moreover, the ecommerce venture will provide groceries in more than 200 towns across the country, offering free express delivery from neighbourhood convenience stores.
Overall, Reliance is on a fundraising surge with Jio Platforms, which houses telecoms ventures Jio Infocomm, with a massive USD 10 billion investment from Facebook, KKR and General Atlantic in a month.
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