Articles about JioMart
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.
18 Jan 2021Business
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 2020Business
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 2020Business
The retail venture of Mukesh Ambani's Reliance Industries is going all guns blazing to take on Amazon and Walmart in India.
17 Aug 2020Business
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 2020Business
Online grocery start-up Milkbasket has raised $5.5 million in a Series-B round of funding.
31 May 2020Technology
This week, we saw plenty of developments in the tech world.
25 May 2020Business
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 2020Business
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 2020Business
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 2020Business
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 2020Business
Finally, Facebook has confirmed the long-rumored plan of teaming up with Mukesh Ambani-led Reliance Industries.
19 Apr 2020Technology
This week, despite the evolving COVID-19 crisis, notable developments were made in the world of tech.
16 Apr 2020Technology
Social media giant Facebook and Mukesh Ambani-led Reliance Industries Limited (RIL) could soon team up for a WeChat-like "super app".
15 Jan 2020Business
The world's richest man and Amazon Inc. boss, Jeff Bezos is in India for a three-day visit.
31 Dec 2019Business
In a major move, Reliance Industries Limited (RIL) has launched 'JioMart,' an e-commerce venture to deliver groceries.