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.’ “