Reliance Industries has launched an online grocery service, JioMart, the head of its grocery retail business said, in a move aimed at rivalling Amazon.com’s local unit and Walmart’s Flipkart in the huge Indian market.
Mumbai-headquartered Reliance has not announced JioMart’s launch at a time it is selling $7 billion (roughly Rs. 53,000 crores) in new shares.
Reliance launched a small pilot of JioMart deliveries in select areas of the Indian financial capital Mumbai late last month, days after announcing that Facebook would spend $5.7 billion for 9.99 percent stake in the company’s digital unit, Jio Platforms.
That partnership will help Reliance roll out service for India’s grocers and small businesses by capitalising on India’s 400 million-strong user base for Facebook’s