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Reliance Jio

Reliance Jio

Reliance Jio is a telecommunications firm that provides high-speed mobile internet connections in India.

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

Funding Rounds

Patents

Further Resources

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News

Title
Author
Date
Publisher
Description
Lata Jha
October 10, 2021
mint
The film tells the story of a newly wed couple straddling a long-distance marriage
October 6, 2021
mint
Reliance Jio and Bharti may post a 5-7% sequential rise in revenue with a steady margin for the second quarter of FY22, according to Jefferies.
September 23, 2021
https://www.outlookindia.com/
The data implied Reliance Jio held a wireless user base of approx 44.3 crore as of July 31st, Airtel 35.4 crore and Vodafone-Idea 27.2 crore
Lata Jha
September 20, 2021
mint
The Netflix title Khufiya is based on the espionage novel Escape to Nowhere by Amar Bhushan.This March Netflix had announced 40 plus originals in India
Press Trust of India
September 19, 2021
@bsindia
All the private players are providing 4G services across the country at present and gearing up for 5G
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References

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