Will Jio Mart Conquer The Indian E-Commerce | Jio Mart Franchise

 When it comes to Indian businesses, we cannot ignore Mr. Mukesh Ambani, the owner of Reliance Group, And one of the wealthiest businessmen of India. He has footprints in some of the most important sectors of the Indian economy such as refining, oil & gas, petrochemicals, telecom, retail, and media. Reliance's oil refining business has been its crown jewel to date. Reliance Group has also entered the ecommerce business known as Jio Mart.

Witnessing the growth in revenues, profits, and market share in the above-mentioned sectors. We can easily give a prediction that there is no doubt that the Jio Mart Franchise will definitely create its identity in the ecommerce market too.

Now have a look What is Jio Mart?

Jio Mart is an online grocery store that provides 50,000+ grocery products at discounted rates at your doorstep through an express delivery system. It follows an on-demand model. The company will avoid the system of warehousing and partner with local retailers by providing Jio Mart Franchise and Jio Mart Distributorship. These retailers will source the grocery products and deliver it to the customers and develop their business through Jio Mart business. You can also get Jio Mart Franchise through Deal Jio Mart and take your business at another platform.

Jio Mart began functioning in January 2020 and initially started its operation in Navi Mumbai, Thane, and Kalyan. Now, Jio Mart has started its functioning in almost all over India covering almost all big cities of the country.

Jio Mart Business Model and Revenue Model

RIL is offering local merchants an O2O (online-to-offline) marketplace through Jio Mart. This business model was pioneered by the Chinese e-commerce giant Alibaba Group Holding Ltd. Under the O2O model, a consumer searches for the product or service online but buys it through an offline channel.

It connects with local retailers by providing Jio Mart Franchise and Jio Mart Distributorship to deliver goods to the customers by procuring them from the nearest store located in the customer’s locality. The customer will use his or her official WhatsApp number to place the order. Post confirmation, the user will receive the bill which is to be paid in cash. When the store that is having a Jio Mart Franchise and Jio Mart Distributorship is ready with the order, the customer will receive a notification to pick up the order from the store.

According to a report, grocery delivery start-ups such as Grofers, Big Basket and PepperTap have performed extremely well with enormous funding and exponential revenues in the past couple of years. Realizing the potential, some well-established e-commerce platforms like Paytm and Amazon also began delivering groceries and essentials.

With the entry of the biggest player in the Indian market, a serious threat looms over existing grocery delivery ventures. Besides being a popular brand name, Jio Mart has some features that lend it an upper hand over its competitors and can conquer the existing Indi and Ecommerce.