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Corporate

Reliance launches JioMart to take on BigBasket, Grofers and Amazon Pantry

Mukesh Ambani-led Reliance Jio’s much anticipated e-commerce project JioMart has finally gone live after months of testing and trial projects. The company started receiving orders from serviceable pin codes soon after the website went live. In an attempt to lure new customers, the website is selling certain products at a minimum of 5% discount on […]

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News

JioMart goes live after on WhatsApp after Reliance-Facebook deal

Days after Reliance and Facebook signed the $5.7 billion deal, Mukesh Ambani’s ambitious project JioMart has gone live on WhatsApp. Currently in its pilot phase, the service is live only in some areas of Mumbai including Navi Mumbai, Thane and Kalyan. The company plans to roll out the service in other parts of the country […]

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Investment

Facebook invests Rs43,574 cr in Reliance Jio

Reliance Industries Ltd, Jio Platforms Ltd and Facebook, Inc. announced the signing of binding agreements for an investment of ₹ 43,574 crore by Facebook, acquiring 9.9% equity share in Jio Platforms. This investment by Facebook values Jio Platforms at ₹ 4.62 lakh crore pre-money enterprise value.  “This is the largest investment for a minority stake […]

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Corporate

Reliance introduces JioMart to sell groceries online

Reliance, an Indian multinational conglomerate company, is setup to enter in online grocery shopping store JioMart. A Reliance Retail official confirmed the launch, adding that the company would gradually scale up its presence. The JioMart app can be soon downloaded on apple and android platforms. Currently, web services of JioMart are available in the outskirts […]