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.

Soon, Reliance may let you order groceries from WhatsApp

18 Jan 2021

Business
Soon, 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.

Future Group, Reliance ignore ruling to hold $3.4bn deal

26 Oct 2020

Business
Future 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).

Reliance Retail scores Rs. 3,675cr from General Atlantic: Details here

30 Sep 2020

Business
Reliance 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.

Reliance could buy Milkbasket, Urban Ladder in e-commerce push

17 Aug 2020

Business
Reliance 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.

Milkbasket raises $5.5 million in Series-B funding: Details here

22 Jun 2020

Business
Milkbasket 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.

#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

31 May 2020

Technology
#WeeklyRecap: Trump targets Twitter, SpaceX-NASA historic mission, JioMart, and more

This week, we saw plenty of developments in the tech world.

Reliance JioMart now live across 200 Indian cities: Details here

25 May 2020

Business
Reliance 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.

Jio Platforms raises Rs. 11,367 crore from Vista Equity

08 May 2020

Business
Jio 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.

Jio Platforms gets Rs. 5,655 crore investment from Silver Lake

04 May 2020

Business
Jio 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.

Reliance's JioMart goes live on WhatsApp: Details here

27 Apr 2020

Business
Reliance'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.

Facebook invests $5.7 billion (Rs. 43,574 crore) in Jio

22 Apr 2020

Business
Facebook 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.

#WeeklyRecap: OnePlus 8, iPhone SE launched, Cognizant hacked, and more

19 Apr 2020

Technology
#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.

Reliance and Facebook could team up for WeChat-like "super app"

16 Apr 2020

Technology
Reliance 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".

Amazon boss Jeff Bezos visits India as traders plan protest

15 Jan 2020

Business
Amazon 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.

All you need to know about Reliance's grocery business, JioMart

31 Dec 2019

Business
All 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.