Flipkart & Amazon to Face Tough Competition in India, Mukesh Ambani’s JioMart Launching Soon

Mukesh Ambani, Asia’s richest man and the owner of Reliance Industries and its subsidiaries is now ready to take on the power-backed Amazon and Wallmart’s Flipkart in the Indian retail market.

Recently, the two subsidiaries of Ambanis’ Reliance Industries, Reliance Jio, and Reliance Retail as well had soft-launched their new e-commerce venture JioMart.

The company said, currently, we are launching our new venture in few parts of Maharashtra State including Thane, Mumbai, and Kalyan. But shortly, we will be expanding our e-commerce store across all the states and cities of India.

Check out this soft launch of JioMart:

JioMart-soft-launchBesides, on the official soft lauch page, users can also pre-register to save up to Rs 3,000 on launch. Although, this pre-registration would be much more beneficial to the crowd of Mumbai, Thane, and Kalya. However, we can also expect the expansion of e-commerce platforms like wildfire as in the case of Jio telecom.

Hence, users across all India could also be benefited if they pre-register on JioMart, once the service is available across all the parts of India.

JioMart-pre-registrationThe Ambani’s new e-commerce grocery platform which is named “JioMart” follows a tagline in Hindi – “Desh Ki Nayi Dukaan.” The platform currently clarifies by its catalog to offer 50,000 grocery items and promises to provide “Free and Express Delivery.”

Mukesh Ambani’s Statement on JioMart by TechCrunch:

The soft launch this week comes months after Ambani, who runs Reliance Industries — India’s largest industrial house — said that he wants to service tens of millions of retailers and store owners across the country.

“If there is anyone in India who is positioned to compete with heavily-backed Amazon and Walmart, it’s him. Reliance Retail, which was founded in 2006, is the largest retailer in the country by revenue. It serves more than 3.5 million customers each week through its nearly 10,000 physical stores in more than 6,500 Indian cities and towns.

In a speech in January, Ambani, an ally of India’s Prime Minister Narendra Modi, invoked Mahatama Gandhi and said like Gandhi, who led a movement against political colonization of India, “we have to collectively launch a new movement against data colonization. For India to succeed in this data-driven revolution, we will have to migrate the control and ownership of Indian data back to India – in other words, Indian wealth back to every Indian.” Modi was among the attendees.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here