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JioMart

JioMart

JioMart is a company that offers online grocery shopping founded in 2019.

JioMart is an e-commerce platform by Reliance Industries. Operated by Reliance Retail, JioMart is being offered initially, in January 2020, to users in cities in Maharashtra, including Navi Mumbai, Thane and Kalyan. Reliance Retail sent invites out to Jio users to register for JioMart for early discounts. JioMart is set to compete against Amazon and Flipkart in the region, both of which offer same-day grocery and household essentials delivery.

Platform

JioMart is promising to offer over 50,000 grocery products with free home delivery, without minimum order values and what they are calling is an express delivery promise and a no questions asked return policy. JioMart will be available though Andoid and iOS apps.

In March, 2019, Reliance acquired logistics services platform Grab A Grub for its e-commerce venture. They also were in discussions with software company C-Square, which serves solutions to distributors, retailers, online e-commerce and sales force automation. Both helped develop the platform for JioMart.

Warehousing

Reliance Retail is not building a native warehouse, rather they are building JioMart on an online-to-offline marketplace under which it will source grocery items from nearby merchants, allowing offline retailers to cater to online-focussed customers. In order to make the system work, Reliance Retail will equip the local grocers with points of sale terminals, low interest working capital, inventory management skills and GST compliance.

Timeline

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Further reading

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Asia's richest man takes on retail giant Amazon

BBC News

Web

January 2, 2020

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News

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April 30, 2021
The Economic Times
The commentary by the company suggested that some businesses have already started to feel the impact of renewed lockdowns across several major states over the past month, raising concerns over the June quarter earnings.
IANS
January 24, 2021
@bsindia
As the e-commerce battle intensifies in India, with Reliance Retails JioMart being the latest major entrant with a potential to disrupt the space, the next big thing is delivery of groceries online
Viveat Susan Pinto
January 22, 2021
@bsindia
Yearly numbers are not comparable, RIL said, since the petro retail business, which makes up 40 per cent of the companys retail revenues, has been demerged
Surajeet Das Gupta
December 14, 2020
@bsindia
Facing stiff competition in BigBasket and Grofers, as well as Swiggy and Zomato, thanks to its late entry
Kalpana Pathak
December 7, 2020
DealStreetAsia
It has three formats--neighbourhood stores (Reliance Fresh), supermarkets (Reliance SMART) and wholesale (Reliance Market).
Ankita Garg
November 26, 2020
The Indian Express
JioMart WhatsApp: JioMart uses the ubiquitous WhatsApp messaging service to make it more convenient for you to order. I don't have the JioMart app on the phone and thought of ordering with the help of the messaging app.
Viveat Susan Pinto
November 19, 2020
@bsindia
Experts say a strategic investor may be inducted later as Reliance Retail prepares to fight Amazon, Walmart-Flipkart and DMart among others
November 11, 2020
NDTV.com
Billionaire Mukesh Ambani obliterated rivals in India's telecommunications sector by selling $2 data plans and free voice calls. Four years later, he's deploying a very similar tactic -- cutthroat pricing -- to gain an edge in the country's increasingly competitive e-commerce space.
Saritha Rai, P R Sanjai and Bhuma Shrivastava | Bloomberg
November 11, 2020
@bsindia
Ratcheting up competition, Ambanis portals are offering blockbuster discounts of as much as 50% on sugary confections and other holiday staples like spice mixes for Indias rice delicacy, biryani
Kalpana Pathak
November 10, 2020
DealStreetAsia
Marketshare will grow to 31% by FY25, from around 1% now, says Goldman Sachs.
Peerzada Abrar
November 5, 2020
@bsindia
Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud (colloquially known as MBS) is the chairman of PIF
Viveat Susan Pinto
August 28, 2020
@bsindia
Robust omni-channel network in the offing, says Reliance Retails FY20 annual report
July 28, 2020
https://www.outlookindia.com/
Flipkart Quick will provide consumers with an assortment of more than 2,000 products that can be delivered within 90 minutes.
Peerzada Abrar
July 24, 2020
@bsindia
With the launch of the app, JioMart has now enabled increased omni-platform interface bringing seamless and enhanced accessibility to consumers
BS Web Team
July 24, 2020
@bsindia
JioMart services are now available through smartphone app, web portal and WhatsApp
Shreepad S Aute
July 21, 2020
@bsindia
Cost efficiency gives Avenue Supermarts an edge, but valuation is expensive
Shreepad S Aute
July 17, 2020
@bsindia
Cost efficiency provides DMart an edge, but competitive intensity is growing
Viveat Susan Pinto
July 17, 2020
@bsindia
Within two months of launch, marketplace taps more daily orders than BigBasket, Amazon
Press Trust of India
July 15, 2020
@bsindia
We will induct global partners and investors in Reliance Retail in the next few quarters, he said at Reliance Industries annual general meeting
SI Reporter
June 22, 2020
@bsindia
In the past three months, the stock price of RIL has zoomed 104 per cent from its March low of Rs 883.85 hit on March 23, as compared to 35 per cent rise in the benchmark S&P BSE Sensex.
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