Skip to content

EFSA - Protecting your rights as an ecommerce business and expressing your needs to the relevant government departments and opinion formers

News from India

The India-based conglomerate JioMart, which had a turnover of US$47.5bn in revenue in the 6 months ending 30 September 2019, has launched a new ecommerce platformJioMart is being run by 2 of the firm’s subsidiaries, Reliance Retail and Reliance Jioboth major players in India’s retail and telecoms industriesThe new platform currently features over 50,000 grocery items and is available in 3 cities with plans to expand to more in the coming months. JioMart will be competing with Amazon and Walmart in India’s valuable ecommerce market. Big-name retailers are targeting India’s ecommerce market, which is expected to grow from US$38.5 billion in 2017 to $200 billion in 2026: Amazon plans to invest billions of dollars in the Indian market and Walmart recently acquired Flipkart for $16 billion. These 2 firms lead the country’s ecommerce market and sell a wider variety of goods than just grocery products, though JioMart could eventually expand its product selection to compete for more of India’s ecommerce volume.

Posted in
Alastair Tempest

Alastair Tempest

Leave a Comment

You must be logged in to post a comment.

Become a member

Join the Ecommerce Forum South Africa and benefit from industry insights in South Africa and Africa.

Sign up to newsletter

Sign up to our newsletter and stay informed of the progress we are making at the Ecommerce Forum South Africa with government during Coronavirus.