- Reliance Industries online grocery platform Jio Mart begins subscription-based delivery services of products like Milk, Eggs, and Bread in Chennai and Bengaluru.
- Reliance had launched its online grocery platform Jiomart in December 2019.
- Currently, JioMart is having more than 5M+ users in the Google Play Store.
Mukesh Ambani owned Reliance Industries online e-commerce platform Jiomart begins testing its new subscription-based delivery service in Chennai and Bengaluru city.
Jio Mart aims to deliver morning essentials such as milk, eggs, and bread in Bengaluru and Chennai. Through this service, JioMart customers will be able to place orders and the product will be delivered in a subscription-based delivery service where the customers will be charged a delivery subscription fee. The service will benefit the customers who regularly orders from JioMart.
Earlier, JioMart reported that they are planning to launch other products such as fashion, smartphones, electronics, electrical appliances on their online shopping platform.
The platform currently offers daily needs products such as vegetables, fruits, dairy products, personal care, home care, and baby care products.
Jio Mart currently testing the subscription-based delivery service in Chennai and Bengaluru to make further improvements and soon to launch the service in other cities as well.
According to the ET reports, JioMart aims to launch this service nationwide by this Diwali.
During the 43rd annual general meeting (AGM) of Reliance Industries, Mukesh Ambani announced that JioMart will be expanding in other various products such as fashion and electronics shortly.
So far the Reliance Industries subsidiary Jio Platforms has raised more than Rs 1 lakh crore investment from companies such as Facebook and Google.
In July 2020, Morgan Stanley calculated the net asset value of Reliance Retail at $29 billion.
Since September 2020, Reliance Industries retail arm Reliance Retail has raised over Rs 32,197.50 crore (around $4.4 billion) from five investors including KKR, Silver Lake, General Atlantic, Mubadala, TPG, and GIC.
JioMart is a wholly-owned Reliance Industries online e-commerce platform launched in December 2019. The platform currently deals in grocery, dairy, daily needs, personal care, and baby care products. Within a few days of its launch, the application crossed 1 million downloads in the Google Play Store.