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

People

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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

Documentaries, videos and podcasts

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News

Title
Author
Date
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Description
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.
May 23, 2020
cnbctv18.com
Reliance has rolled out its JioMart service to customers across several cities, after successfully conducting a pilot across areas in Navi Mumbai, Thane and Kalyan.Get latest Retail online at cnbctv18.com
Manish Singh
April 27, 2020
TechCrunch
JioMart, an e-commerce venture run by India's most valued firm, is testing an "ordering system" on WhatsApp, giving us the first peek at the collaboration between Facebook and Indian telecom giant Reliance Jio Platforms. Users in Navi Mumbai, Thane and Kalyan, three cities in Indian state Maharashtra, can use JioMart's WhatsApp business account for grocery [...]
April 26, 2020
cnbctv18.com
A few days after announcing the massive USD 5.7 billion deal with Facebook, Mukesh Ambani-owned JioMart has gone live via WhatsApp.Get latest Retail online at cnbctv18.com
Bloomberg
April 26, 2020
@bsindia
JioMart, an e-commerce venture of Reliance Retail, went live in three neighbourhoods surrounding Mumbai, leveraging a deal that gives it access to WhatsApps 400 million users in India
Team Mint
April 23, 2020
Livemint
Reliance Jio, Facebook and Amazon are the latest suitors trying to woo India's kirana stores, numbering close to 8 million.With Amazon going full steam into the corner store network, there is more competition on the way for rivals JioMart and Walmart-backed Flipkart
Press Trust of India
February 6, 2020
@bsindia
The concept was to leverage the network presence of kirana stores for RILs e-commerce initiative. Under this initiative, RIL started JioMarts pre-registration in December last year.

References

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