JioMart: News
JioMart is an online grocery delivery service that was launched on April 26 by business tycoon Mukesh Ambani-run Reliance Industries Ltd. This is a joint venture between Reliance-owned Jio and world’s largest social media company, Facebook. Reports say that FB has invested $5.7 billion in JioMart, which is like 9.99% stake in the company. The e-commerce site promises to deliver groceries and vegetables to more than 200 cities, and that too at 15% discount on MRP. This raises the competition as the discount is higher than what Amazon or Big Basket offers. However, the first reviews of JioMart were disappointing with many customers complaining of receiving stale fruits and vegetables. These, according to experts, are initial hiccups that will ebb away as business would progress.
30 Aug 2022
Mukesh AmbaniHow to order groceries from JioMart using WhatsApp?
It is now easy for WhatsApp users to shop for groceries in India. Meta has joined hands with JioMart for an in-app shopping experience.
18 Jan 2021
FlipkartSoon, Reliance may let you order groceries from WhatsApp
Mukesh Ambani-led Reliance Retail Ltd. is reportedly working toward embedding JioMart into WhatsApp within the next six months. The move will allow 400-million Indian WhatsApp users to address their grocery needs from neighboring outlets through Ambani's hyperlocal e-commerce platform.
26 Oct 2020
ReutersFuture Group, Reliance ignore ruling to hold $3.4bn deal
The Future Group on Monday said that it was examining an order to stall a Rs. 24,713 crore (approximately $3.4 billion) asset sale to Reliance Industries Limited (RIL).
30 Sep 2020
Mukesh AmbaniReliance Retail scores Rs. 3,675cr from General Atlantic: Details here
The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.
17 Aug 2020
Mukesh AmbaniReliance could buy Milkbasket, Urban Ladder in e-commerce push
As Amazon and Flipkart continue to take long strides in the Indian e-commerce segment, Mukesh Ambani's Reliance Industries is also looking to grow its online footprint.
22 Jun 2020
FlipkartMilkbasket raises $5.5 million in Series-B funding: Details here
Online grocery start-up Milkbasket has raised $5.5 million in a Series-B round of funding.
31 May 2020
India#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more
This week, we saw plenty of developments in the tech world.
25 May 2020
Mukesh AmbaniReliance JioMart now live across 200 Indian cities: Details here
The lockdown enforced to contain the outbreak of COVID-19 has surged the demand for home delivery of essentials, giving a significant boost to the business of e-grocers like Bigbasket and Grofers.
08 May 2020
Mukesh AmbaniJio Platforms raises Rs. 11,367 crore from Vista Equity
Jio Platforms, the entity holding telecom and digital businesses of Reliance Industries Limited (RIL), has raised Rs. 11,367 crore from US-based private equity firm Vista Equity Partners.
04 May 2020
Mukesh AmbaniJio Platforms gets Rs. 5,655 crore investment from Silver Lake
Jio Platforms, the entity housing telecom and digital businesses of Mukesh Ambani-led Reliance Industries, has picked up Rs. 5,655 crore ($747 million) in investment from US-based private equity firm Silver Lake.
27 Apr 2020
Mukesh AmbaniReliance's JioMart goes live on WhatsApp: Details here
In a bid to simplify the process of buying groceries and daily essentials, Reliance Industries Limited (RIL) has launched its JioMart service on WhatsApp.
22 Apr 2020
FacebookFacebook invests $5.7 billion (Rs. 43,574 crore) in Jio
Finally, Facebook has confirmed the long-rumored plan of teaming up with Mukesh Ambani-led Reliance Industries.
19 Apr 2020
Mukesh Ambani#WeeklyRecap: OnePlus 8, iPhone SE launched, Cognizant hacked, and more
This week, despite the evolving COVID-19 crisis, notable developments were made in the world of tech.
16 Apr 2020
FacebookReliance and Facebook could team up for WeChat-like "super app"
Social media giant Facebook and Mukesh Ambani-led Reliance Industries Limited (RIL) could soon team up for a WeChat-like "super app".
15 Jan 2020
Mukesh AmbaniAmazon boss Jeff Bezos visits India as traders plan protest
The world's richest man and Amazon Inc. boss, Jeff Bezos is in India for a three-day visit.
31 Dec 2019
Mukesh AmbaniAll you need to know about Reliance's grocery business, JioMart
In a major move, Reliance Industries Limited (RIL) has launched 'JioMart,' an e-commerce venture to deliver groceries.