Mukesh Ambani: 3 lakh small merchants, shopkeepers selling on JioMart; over 1 crore to join in 3 years

Technology for MSMEs: Around a year since its launch, Reliance’s e-commerce venture JioMart, which competes with the likes of Amazon, Walmart-owned Flipkart, Tata-backed BigBasket, and Grofers in the online grocery space, has brought online over 3 lakh small merchants or shopkeepers across 150 cities in India, according to Chairman and Managing Director Mukesh Ambani. In his speech at the conglomerate’s 44th annual general meeting on Thursday, Mukesh Ambani said, “JioMart registered over 6.5 lakh peak orders in a single day. JioMart’s growth is a testament to its already loyal customer base, 80% of whom are repeat shoppers. JioMart New commerce’s aim is to transform and grow the small merchant ecosystem, so our merchant partners prosper. Over the past year, over 3 lakh merchant or shop keeper partners across 150 cities were enabled and empowered to transform their businesses both physically and digitally.”