Reliance Industries has put its plans for an ecommerce platform for third-party sellers on hold as the government delays its ecommerce policy.
According to an ET report, the conglomerate has integrated thousands of independent sellers into its existing platform JioMart. Reliance is now constructing JioMart as a marketplace to compete with the world’s Amazons and Flipkarts. Its focus has shifted from pivoting JioMart and developing JioMarket to solely developing JioMart on the scale of Amazon and Flipkart. Building and scaling two platforms would have been difficult for the company, according to sources cited in the ET report.
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Reliance Industries has put its plans for an ecommerce platform for third-party sellers on hold as the government delays its ecommerce policy.
According to an ET report, the conglomerate has integrated thousands of independent sellers into its existing platform JioMart. Reliance is now constructing JioMart as a marketplace to compete with the world’s Amazons and Flipkarts. Its focus has shifted from pivoting JioMart and developing JioMarket to solely developing JioMart on the scale of Amazon and Flipkart. Building and scaling two platforms would have been difficult for the company, according to sources cited in the ET report.
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.
