JioMart unlikely to break into quick commerce top tier: BofA

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Reliance Retail’s quick commerce service JioMart is unlikely to emerge as one of the top two players in the segment due to its current 30-minute delivery model, according to a report by BofA Global Research.

Unlike rivals Blinkit, Zepto, and Swiggy’s Instamart, which rely on a dense network of dark stores for 10-minute delivery, JioMart fulfils orders from existing offline retail locations and has not invested in dedicated micro-warehouses.

“Unlike its competitors, RIL is not making dedicated investments in the dark store network. Instead,…



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JioMart unlikely to break into quick commerce top tier: BofA


Reliance Retail’s quick commerce service JioMart is unlikely to emerge as one of the top two players in the segment due to its current 30-minute delivery model, according to a report by BofA Global Research.

Unlike rivals Blinkit, Zepto, and Swiggy’s Instamart, which rely on a dense network of dark stores for 10-minute delivery, JioMart fulfils orders from existing offline retail locations and has not invested in dedicated micro-warehouses.

“Unlike its competitors, RIL is not making dedicated investments in the dark store network. Instead,…



Source link

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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