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Reliance to enter e-commerce, take on Amazon and Flipkart

Jan 18, 2019 by The Passage Team
Reliance to enter e-commerce, take on Amazon and Flipkart

Reliance Industries Ltd. will roll out its online shopping platform to 1.2 million retailers and store-owners in Gujarat, sketching out an ambitious plan to take on Amazon.com Inc. and Walmart Inc.’s Flipkart on its home turf.

Mukesh Ambani, Asia’s richest man, intends to take on the world’s largest retailers by combining his Jio telecom service, mobile devices and a vast physical retail network. The energy-to-consumer conglomerate joins Amazon and Flipkart in expanding aggressively across the world’s fastest-growing major e-commerce market, where organized retail is still a rarity. “Jio and Reliance Retail will launch a unique new commerce platform to empower and enrich our 12 lakh small retailers and shopkeepers in Gujarat,” the Reliance chairman said

Source: Business Standard

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