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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

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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Companies

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News

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Kalpana Pathak
July 26, 2021
mint
Digital commerce boosts company's Q1 numbers despite the second wave
July 21, 2021
The Economic Times
Retailers said the massive surge in e-commerce sales is likely to be a permanent shift for their business as they seek to expand through the omni-channel model by enabling all their stores for online sales.
Anirudh Laskar
July 20, 2021
mint
In its argument before SC, which commenced hearings on its pleas against the amalgamation, Amazon said Singapore's EA award, restraining Future Retail Ltd from going ahead with its ₹24,713-cr merger deal with Reliance Retail, is 'valid' and needs to be executed
Tarush Bhalla
July 14, 2021
mint
Amazon, Flipkart, Reliance and the Tatas are vying for dominance in e-grocery and e-pharma. Who will lead?.Reliance, Flipkart and Amazon India have all launched kirana-led deliveries over the past year. Flipkart has also invested in fresh produce supply chain Ninjacart and logistics firm Shadowfax
Rishi Iyengar, CNN Business
June 24, 2021
CNN
Last year, Google and Facebook collectively bet more than $10 billion on Asia's richest man and his plan to bring hundreds of millions of Indians online.
BS Reporter
June 3, 2021
@bsindia
Japans SoftBank is looking to invest in Flipkart, three years after it sold its entire stake in the company to Walmart Inc, the worlds largest retailer
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
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References

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