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Latest Articles in Jiomart
Reliance Retail Posts 12% YoY Rise In Net Profit At Rs 2,415 Cr In Q4FY23
The business recorded gross revenue of Rs 260,364 crore for FY23, a growth of 30 per cent over last year driven by broad based growth across consumption baskets
Read MoreJioMart On WhatsApp Will Be A Big Opportunity: Meta CEO
Zuckerberg is confident that the opportunity would be big as the service sits well between click-to-messaging and paid messaging
Read MoreGrocery Shopping Experience Launched For JioMart Users On WhatsApp
Isha Ambani showcased the demo of the JioMart bot during the announcement of JioMart’s exclusive new partnership with popular messaging platform WhatsApp
Read MorePrinces To Paupers: India's Salesmen Face Ruin As Tycoon Ambani Targets Mom-and-pop Stores
The country has around 450,000 traditional distributors, who have legions of salespeople to service every corner of the vast nation, including 600,000 villages. They typically earn a margin of 3-5per cent on product prices and mostly take orders physically once a week, making deliveries to retailers within a couple of days.
Read MoreReliance Retail Got 10 % Revenue In FY21 From Digital Commerce, Merchant Partnerships Biz
Reliance Retail also agreed to acquire the retail and wholesale business and the logistics and warehousing business of the Future Group for a consideration of Rs 24,713 crore.
Read MoreReliance Retail Q4 Pre-Tax Profit Up 41.5 % To Rs 3,617 Cr; Revenue Rises 20 % To Rs 41,296 Cr
Revenue from operations stood at Rs 41,296 crore, up 20.04 per cent from Rs 34,402 crore in the corresponding period last fiscal.
Read MoreWalmart's Flipkart Expands Grocery Sales To More Indian Cities
India's broader retail industry is also witnessing a high-stakes legal battle between Reliance and Jeff Bezos-led Amazon on the Future Group's $3.4 billion sale of its retail assets to Reliance, which Future's partner Amazon is contesting.
Read MoreHaptik announces launch of Buzzo: Voice Assistant for eCommerce
Haptik announces launch of Buzzo: Voice Assistant for eCommerce
Read MoreWhatsapp Pay to transform the Indian digital economy with support of JioMart
Whatsapp Pay's development around entry into the digital payments and e-commerce market through JioMart will enable stronger compliances and grievances systems further empowering the digital economy.
Read MoreAmazon In Talks To Buy 9.9% Stake In Reliance Retail Arm
Amazon wants a preferred, strategic stake in Reliance Retail for JioMart, according to tweets by the television channel.
Read MoreReliance Seen Emerging As Bigger Threat For U.S. Firms Like Amazon, Walmart
JioMart currently delivers groceries in only 200 cities, while Amazon and Flipkart deliver a wide range of goods across the country.
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