Reliance rolls out JioMart online grocery service to challenge Amazon, Flipkart

Monday 25 May 2020 10:54 CET | News

India-based company Reliance has launched an online grocery service, JioMart, aiming to compete with Amazon and Flipkart in the Indian market.

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. 

The roll out comes as India is facing a major increase in coronavirus cases, with plans to expand its product catalogue on JioMart’s website after lockdown restrictions are eased. However, the company didn’t respond to an email seeking comment on the launch yet, Reuters reported.

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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Keywords: Reliance, JioMart, ecommerce, launch, Amazon, Flipkart, India, Facebook, coronavirus, KKR, General Atlantic
Categories: Payments & Commerce
Countries: India
This article is part of category

Payments & Commerce