Reliance sets up Jiomart to sell grocery online soon
Reliance Industries, India’s biggest company by market value, has started its web portal Jiomart, harnessing the might of its two largest consumer-facing businesses to announce its entry into online food and grocery shopping by early next year.
The app will connect both lastmile neighbourhood stores and consumers, leveraging data and technology capabilities of Reliance’s telecom business Jio and the cash-and-carry infrastructure of its retailing arm.
According to officials, the new venture will be an aggregator where it will partner local grocers and equip them with points of sale (PoS) terminals, low interest working capital, inventory management skills, and GST compliance.
In January 2019, chairman Mukesh Ambani announced that group companies Reliance Retail and Jio would jointly launch a new ecommerce platform in the country.
At present, services of the website with the tagline ‘India ki nayi dukaan’ are available in the outskirts of Mumbai, in suburbs such as Thane, Kalyan and Navi Mumbai. The site offers free home delivery, pre-registration discounts and options to buy more than 50,000 grocery products online.
“Kiranas are being registered and given POS machines with integrated billing applications. Also, it enables digital transactions, promotions including loyalty, discount coupons by fast moving consumer goods firms and supply chain management,” said an official privy to the launch of the service.
Reliance Retail had logged net sales of ₹1.3 lakh crore last fiscal.
JioMart, to give Flipkart and amaon a hit, offers great offers before launch
New Delhi: Reliance Industries is now preparing to enter the online grocery and food shopping business after entering the telecom and broadband sectors. Online retail platform Jio Mart has announced a pre-launch offer to attract customers. According to the company’s website, there is an offer to save up to Rs 3,000 for customers who are pre-registering for Geo Mart before this platform goes live. Know what is india post payment bank, also get many facilities
JioMart Is Giving Great Offers Before launching
More than 50,000 products available at Jio Mart
According to the information, details such as customer name, mobile number and PIN code are required for registration. Currently Mukesh Ambani-owned company is working on making Android and iOS applications for Geo Mart. It is currently available to customers in Navi Mumbai, Kalyan and Thane. Reliance Industries Limited’s e-commerce platform Jio Mart will compete with other e-retailers like Flipkart, Amazon and Growers etc. This new e-commerce platform of RIL will provide groceries and other essential household items. According to the website, more than 50,000 products will be available at Jio Mart and there will be no questions within the return policy.
Currently, the company is testing it in a select field and will soon be made available elsewhere. Through this platform, customers will be able to buy essential household items from the nearest retailers. Jio Mart does not sell groceries directly to customers. Explain that it connects online buyers to offline retailers. Jio Mart will buy goods from the nearest merchants. A similar model was tried by Jeff Bezos by Amazon and the Growers.