Reliance Retail saw 2.5X increase in the number of orders delivered in FY22

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Digital commerce platforms of Reliance Retail, the retail subsidiary of Reliance Industries Ltd (RIL), saw a 2.5X increase in the number of orders delivered, bringing the daily total to nearly 6 lakh orders (FY22), during the fiscal year 2021-22.

Furthermore, RIL said during its annual general meeting that the digital platforms received 4.5 billion visits last year, a 2.3X increase year on year. In terms of retail, Isha Ambani, executive director of Reliance Retail Ventures, stated that the company spent the year investing in acquisitions and partnerships in order to enter new categories, strengthen its service capabilities, and expand its reach into new markets. “We have accelerated our New Commerce initiative, which is driven by an inclusive spirit.” “We have grown our merchant partner base to over 20 lakh partners since our launch two years ago,” Ambani said.

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StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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Reliance Retail saw 2.5X increase in the number of orders delivered in FY22

Digital commerce platforms of Reliance Retail, the retail subsidiary of Reliance Industries Ltd (RIL), saw a 2.5X increase in the number of orders delivered, bringing the daily total to nearly 6 lakh orders (FY22), during the fiscal year 2021-22.

Furthermore, RIL said during its annual general meeting that the digital platforms received 4.5 billion visits last year, a 2.3X increase year on year. In terms of retail, Isha Ambani, executive director of Reliance Retail Ventures, stated that the company spent the year investing in acquisitions and partnerships in order to enter new categories, strengthen its service capabilities, and expand its reach into new markets. “We have accelerated our New Commerce initiative, which is driven by an inclusive spirit.” “We have grown our merchant partner base to over 20 lakh partners since our launch two years ago,” Ambani said.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Editorial Team
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.

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