Asia’s richest man, Mukesh Ambani, will once again cause turmoil in the market. After making major changes in the retail and telecom sectors so far, he can now also make a grand entry in the fast trading services market. In such a situation, there will definitely be a tough challenge for services already present in the market like Tata Group’s BBNow, Zomato’s BlinkIt, Swiggy’s Instamart and Zepto. After all, what is Mukesh Ambani’s plan?
In fact, Reliance Industries is already working in the home ration delivery sector through Jio Mart. Still, it is not such a strong player in the express delivery services market. In such a situation, according to a TOI news, Reliance may soon launch its express delivery service in 7-8 cities. Later this service can be expanded to 1000 cities.
Express delivery began in 90 minutes.
Reliance Industries had started Geomart Express service on its Geomart platform. In this case, the ration was delivered in 90 minutes. However, this service was discontinued about a year ago. JioMart Express was first launched in Navi Mumbai. So the company planned to take it to 200 cities.
Now the ration will arrive home in 30 minutes.
According to a news report by ET, Geomart now plans to deliver rations and other products to its customers in just 30 minutes. Currently, companies like BlinkIt, Swiggy and Zepto deliver products within 10-15 minutes. While Tata Group's Big Basket Now offers home delivery of rations and other products in 30 minutes.
For this, Reliance Industries will use its JioMart network as well as networks like Reliance Retail's Smart Bazaar. Currently, JioMart is offering its customers next day scheduled delivery option.
The country's rapid trade is so great.
Currently, BlinkIt is the largest player in the country's fast commerce market. He has a 40 to 50 percent market share. In the rest of the market, along with other companies, small local companies are also doing business. However, recently Walmart's Flipkart is also planning to enter this segment.
