JioMart Online Grocery Service Takes On Amazon, Flipkart (NASDAQ: FB)


Reliance Industries unveiled a small JioMart delivery driver in certain areas of Mumbai in April, a few days after announcing that Facebook (NASDAQ: FB) would spend $ 5.7 billion on a 9.99% stake in Jio Platforms.

The company is now launching an online grocery service capitalizing on the user base of 400 million WhatsApps owned by Facebook, challenging Amazon’s local unit (NASDAQ: AMZN) and Walmart’s Flipkart (NYSE: WMT ) in more than 200 cities across India.

“Never lose a crisis, they say! ” tweeted Damodar Mall, CEO of the grocery store at Reliance. “A wise colleague said today: ‘Alibaba also flourished from the SARS crisis.’ “


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