Mukesh Ambani's JioMart to enter quick commerce space in June? What we know
6 months, 3 weeks ago

Mukesh Ambani's JioMart to enter quick commerce space in June? What we know

Hindustan Times  

Mukesh Ambani's Reliance Industries may enter the quick commerce space as early as next month, it was reported. Reliance Retail's JioMart could launch the service soon to take on Zomato's Blinkit, Tata Group's BigBasket, Swiggy's Instamart and Zepto, Times of India reported citing people in the know. JioMart will not adopt a dark store model for its quick commerce operations but tap into Reliance Retail's vast network of stores and fulfilment centres, the report added. Currently, JioMart offers slotted and next-day delivery options to customers but "over time, JioMart will also deliver non-grocery items through quick commerce," the report claimed.

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History of this topic

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery
1 week, 6 days ago

Amazon joins India's quick commerce race with trials for 15-minute grocery delivery

The Hindu  

Amazon will begin trials for quick commerce operations in India that would see the U.S. e-commerce giant deliver grocery items in 15 minutes or less, it said on Tuesday. Quick commerce is catching up in India, with companies like Zomato's Blinkit and SoftBank-backed Swiggy's Instamart promising deliveries of goods from groceries to electronics as quickly as 10 minutes, challenging e-commerce …

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price
3 weeks ago

Swiggy share price zooms 10% to new peak ahead of Q2FY25 numbers, up 39% from IPO price

Live Mint  

Swiggy, the popular food delivery aggregator and a direct competitor to Zomato, saw its shares spike 10 per cent in Tuesday's trade, reaching a fresh high of ₹541.95 per share. It believes the stock is priced at a 35 per cent to 40 per cent discount to Zomato and sees room for this valuation gap to narrow as Swiggy demonstrates …

Quick commerce hottest category: Swiggy co-founder
1 month, 2 weeks ago

Quick commerce hottest category: Swiggy co-founder

New Indian Express  

BENGALURU: Quick commerce is the hottest category with its fast growth, large TAM, as the category can be $30-$50 billion in four years, supported by strong CAGR, said Swiggy co-founder and group CEO Sriharsha Majety. “Consumer preferences, needs and wants, everything is getting developed and emerging as we go into the next phase of quick commerce,” he said. Launched in …

Quick commerce firms expanding ops beyond groceries, food delivery
7 months, 1 week ago

Quick commerce firms expanding ops beyond groceries, food delivery

New Indian Express  

NEW DELHI: The quick commerce segment is heating up as many firms are now entering quick delivery and looking beyond groceries and food delivery. Earlier this month, Swiggy Instamart started delivering movie merchandise, marking a new category in the quick commerce industry. When players such as Zepto and Blinkit pivoted the quick commerce segment, experts questioned the model, safety of …

JioMart sees jump in orders via WhatsApp
1 year, 11 months ago

JioMart sees jump in orders via WhatsApp

Live Mint  

NEW DELHI: JioMart the online commerce play of Reliance Retail registered a jump in quarterly orders via WhatsApp apart from an uptick in active customer base, top executives at the company said. So, this platform is helping us really democratize WhatsApp reach to and the new customers who are otherwise not being able to shop on digital platform,” Gaurav Jain, …

JioMart and SMART Stores announce the Biggest Indian Festival with the ‘Bestival Sale’
2 years, 2 months ago

JioMart and SMART Stores announce the Biggest Indian Festival with the ‘Bestival Sale’

News 18  

Reliance Retail’s JioMart and SMART Stores today announced the roll out of the ‘Bestival Sale’, one of India’s largest omnichannel Diwali fiestas from October 14th to 24th, marking the e-marketplace’s rapid expansion into several new categories including fashion and lifestyle, consumer electronics, home and kitchen. With this huge network of physical stores, strong partner network, sourcing capability and deep insights …

IRCTC Partners With Reliance To Enable WhatsApp Food Delivery on Trains
2 years, 3 months ago

IRCTC Partners With Reliance To Enable WhatsApp Food Delivery on Trains

The Quint  

Reliance, in its annual general meeting on on Monday, 29 August, annouced its partnership with tech giant Meta to launch JioMart on Whatsapp, which will allow users to buy groceries via the messaging app. This is our first-ever end-to-end shopping experience on WhatsApp, people can now buy groceries from JioMart right in a chat." "The JioMart on WhatsApp experience will …

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani
2 years, 3 months ago

Reliance Retail Now Has Over 200 Million Registered Customers: Retail Business Leader Isha Ambani

News 18  

At the 45th Annual General Meeting of Reliance Industries Limited, Chairman and Managing Director Mukesh Ambani introduced Isha Ambani as the leader of Reliance Retail business. Isha Ambani took the centre-stage to talk about the growth of Reliance Retail in India and said that Reliance Retail has served over 200 million registered customers. Isha Ambani claimed that Reliance’s grocery business …

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal
2 years, 6 months ago

Zomato to acquire Blinkit for ₹4,447 crore in all-stock deal

Live Mint  

Food delivery platform Zomato has agreed to acquire instant grocery startup Blinkit for ₹4,447 crore in an all-stock deal, as it seeks to exploit a fast-growing market for quick grocery delivery. Japan’s SoftBank, the biggest shareholder in Blinkit with a 46% stake, will get around 3.2% stake in Zomato as part of the transaction, as per VCCircle estimates. Other investors …

Reliance AGM: Silicon Valley gave Mukesh Ambani billions, but things aren’t all going to plan
3 years, 6 months ago

Reliance AGM: Silicon Valley gave Mukesh Ambani billions, but things aren’t all going to plan

CNN  

San Francisco CNN Business — 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. The investments quickly established Mukesh Ambani, the billionaire head of sprawling Indian conglomerate Reliance, as a gatekeeper for Silicon Valley in the country — but also raised the stakes …

Reliance plans to integrate JioMart in WhatsApp within 6 months
3 years, 11 months ago

Reliance plans to integrate JioMart in WhatsApp within 6 months

India Today  

Mukesh Ambani-led firm Reliance aims to integrate JioMart in WhatsApp within 6 months. The move will allow the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development told Mint. Ambani had then said that JioMart and Whatsapp would empower nearly 3 crore small Indian Kirana shops …

Beware of Fake JioMart Websites: Reliance Retail Cautions Customers
4 years, 3 months ago

Beware of Fake JioMart Websites: Reliance Retail Cautions Customers

News 18  

Reliance announced its very own e-commerce platform back in April called JioMart, in an attempt to bring local vendors, independent hawkers and small kirana stores online. In a public service announcement, Reliance Retail is now cautioning the public against certain individuals that are duping customers by running fake JioMart websites and offering franchisee of the JioMart services. In a caution …

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India
4 years, 4 months ago

Mukesh Ambani's Reliance goes on shopping spree to take on e-commerce giants in India

India Today  

Reliance Industries Limited has gone on a shopping spree after the company successfully managed to become debt free earlier this year. Now, the sixth-richest man in the world is looking expand RIL’s product offerings by acquiring several local online retailers as it looks to take on other online retailers and e-commerce giants. Sources quoted in a Bloomberg news report indicate …

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail
4 years, 5 months ago

After $20 billion Jio frenzy, Mukesh Ambani seeks money for retail

Live Mint  

After raising more than $20 billion for his digital venture in three months, billionaire Mukesh Ambani is readying his retail unit for global partners, as his oil-to-petrochemicals conglomerate turns to India’s billion-plus consumers for growth. Asia’s richest man and the chairman of Reliance Industries Ltd. told shareholders Wednesday that Reliance Retail Ltd. is getting inquiries from investors and may start …

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani
4 years, 5 months ago

RIL AGM 2020: JioMart has been successfully piloted with kirana partners, says Mukesh Ambani

Firstpost  

More than two-thirds of Reliance Retail’s nearly 12,000 stores are operated in Tier II, Tier III and Tier IV towns. Mumbai: Reliance Industries Limited chairman Mukesh Ambani on Wednesday said his group’s retail venture has received strong interest from strategic and financial investors. “We will induct global partners and investors in Reliance Retail in the next few quarters,” he said …

RIL’s JioMart to convert kirana stores into self-service stores
4 years, 5 months ago

RIL’s JioMart to convert kirana stores into self-service stores

Live Mint  

Reliance Industries in its 43rd Annual General Meeting has announced that itse-commerce portal JioMart will offer kirana stores for greater demand generation from taking the store online and leveraging the existing Jio customer base. The partnership with JioMart can potentially help kirana stores grow business and earnings," Isha Ambani said at the AGM. Isha Ambani further added, "A unique solution …

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