Friday, November 8, 2024

JioMart

Reliance Consumer Products eyes INR 10,000 Cr revenue target in two years

FMCG
Reliance Consumer Products, the FMCG division of Reliance Industries, aims to reach a revenue target of INR 9,000 to INR 10,000 crore in the next two years,͏͏ according͏͏ to͏͏ The͏͏ Hindu͏͏ Businessline,͏͏ citing͏͏ sources͏͏ familiar͏͏ with͏͏...

Reliance Retail targets quick commerce market with JioMart, taking on Blinkit and Swiggy Instamart

E-Commerce
Reliance Retail is making moves to enter the rapidly growing quick commerce sector, intensifying competition against Zomato's Blinkit, Swiggy Instamart, and BigBasket. The͏͏ nation's͏͏ largest͏͏ retailer͏͏ is͏͏ now͏͏ offering͏͏ quick͏͏ commerce͏͏ services͏͏ in͏͏ select͏͏ regions͏͏ of͏͏...

Shiprocket launches D2C marketplace Zop to boost visibility for emerging brands

Industry
Shiprocket, the Delhi-NCR based logistics tech unicorn, is piloting a new D2C marketplace named Zop. Launched a few weeks ago, Zop hosts 200-300 brands...

Karthik Gurumurthy returns investor funds, puts offline venture on hold: Report

News
Karthik Gurumurthy, who success͏fully bui͏lt Swiggy Instamart from the ground͏ up in 202͏0 to n͏ea͏rly $1 ͏billi͏on in valu͏e, has re͏portedly ͏returned th͏e c͏apital...

Zomato shares plummet 5% as Macquarie predicts 47% decline ahead

News
Foodtech giant Zomato's shares took a hit of around 5% during intraday trading on Friday (May 31), falling to as low as INR 172.5...

Reliance Industries set to disrupt quick commerce market with JioMart’s entry, challenging Blinkit, Zepto, and others

News
Mukesh Ambani-led Reliance Industries, known for its disruptive presence in the consumer space with cut-throat marketing strategies, is now gearing up to enter India’s...

Reliance Retail’s JioMart sees 94% YoY surge in seller base in Q4 FY24

News
Despite experiencing sequential declines in profit and revenue, Reliance Retail, the retail segment of Reliance Industries Ltd (RIL), reported robust growth in seller additions...

Ecommerce sees modest Q1 growth at 12-15%, industry anticipates 20% uptick by April

News
According to market research data, ecommerce sales experienced a modest growth of 12-15% in the initial quarter of this year, marking a decline from...

JioMart reports 3X surge in seller base, expands non-grocery offerings, and achieves record revenue in Q3

News
JioMart, the e-commerce platform of Reliance Retail, reported a threefold increase in its seller base in the December quarter results posted on Friday. Expanding beyond...

Reliance Retail’s Digital and New Commerce Divisions Drive 19% Surge in Q2 FY24 Revenue

News
In its quarterly results, Reliance Industries Limited (RIL) announced that the digital and new commerce divisions constituted 19% of Reliance Retail's overall revenue during...

Reliance Retail expands Yousta with four new stores in Kerala

News
Reliance Retail is set to enhance its youth-oriented fashion retail concept, "Yousta," by opening four new stores in Kerala. These newly established outlets in...

JioMart announces MS Dhoni as brand ambassador, sets stage for grand festive campaign

News
JioMart, a subsidiary of Reliance Retail, has enlisted Mahendra Singh Dhoni as its brand ambassador, who will make an appearance in a 45-second promotional...

Reliance Retail officially confirms Milkbasket’s merger with JioMart; dismisses layoff rumors

News
Reliance Retail-owned Milkbasket has taken significant strides towards streamlining its operations. As part of this endeavor, the company is currently in the process of...

Reliance Retail’s Milkbasket sees top-level resignations after JioMart deal

News
Reliance Retail-owned subsidiary, Milkbasket, recently underwent a major transformation as it achieved full integration with JioMart. However, this significant milestone was accompanied by notable...

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