Reliance Industries Ltd. has started testing its online shopping portal JioMart which is a digital platform to compete with e-commerce giants like Amazon and Flipkart. The service of the website has bee launched with the tagline ‘India ki Nayi Dukaan’.
Crux of the Matter
JioMart, open to select customers who pre-register get to select from more than 50,000 grocery products, free home delivery and a return policy that asks no questions.
Currently, it is available only in Mumbai and nearby suburbs.
Jio Mart connects the last mile neighbourhood stores and consumers using the Reliance Jio network
Jio Mart will partner with local grocers and equip them with points of sale (PoS) terminals, low-interest working capital, inventory management skills, and GST compliance.
An official spokesperson said, “Kiranas are being registered and given POS machines with integrated billing applications. it enables digital transactions, promotions including loyalty, discount coupons by fast-moving consumer goods firms, and supply chain management”
In January 2019, chairman Mukesh Ambani had announced the launch of a new e-commerce platform.
Curiopedia
Reliance Industries Limited is an Indian multinational conglomerate company headquartered in Mumbai, Maharashtra. Reliance owns businesses across India engaged in energy, petrochemicals, textiles, natural resources, retail, and telecommunications. The company is ranked 106th on the Fortune Global 500 list of the world’s biggest corporations as of 2019.It is ranked 8th among the Top 250 Global Energy Companies by Platts as of 2016. Reliance continues to be India’s largest exporter, accounting for 8% of India’s total merchandise exports with a value of Rs 147,755 crore and access to markets in 108 countries. More Info
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