Will ‘My Jio Mart’ disrupt Amazon, Flipkart’s business in India?

Reliance Industries Ltd’s Jio Mart, launched in May, could become the fastest-growing e-commerce platform in India, challenging Amazon India and Flipkart according to various analysts.

According to Goldman Sachs, RIL’s online gross merchandise value (GMV) will reach $35 billion in FY25 with a 31% share of the e-commerce market from around 1% now. GMV is the total value of merchandise sold over a given period and is a measure of growth.

The second quarter of this fiscal saw RIL’s retail business record robust growth across consumption baskets, posting sales of ₹41,100 crores, an increase from ₹31,620 crores in the preceding June quarter. 

Higher bill value more than compensated for the lower footfall at the company’s grocery stores, 85% of which were shut due to the pandemic-induced lockdown.

Jio Mart has scaled up partnerships with 1,700 merchants and extended Kirana store partnerships to 20 cities against six in the last quarter. Reliance Retail opened 232 stores during the quarter, taking the total store count to 11,931 stores.

You can also become a part of the fastest-growing company by taking the Jio Mart Franchise. You can register your business on Deal Jio Mart and take Jio Mart Franchise.

The note said RIL’s own infrastructure of ‘Trends, Digital and Jewels’ stores, as well as acquisitions such as Netmeds, Grab, and Fynd, would enable seamless integration and faster ramp-up of Jio Mart.

These numbers are showing the market that is covered by Jio Mart in the pandemic situation and after. Jio Mart is giving tough competition to its competitors and can overtake the market of Amazon and Flipkart sooner.