New Delhi, 23rd of April, 2024 : Reliance Retail’s e-commerce platform, JioMart, has expanded its marketplace offerings in the last one year with the seller base expanding by 94% year-on-year (YOY). JioMart reported a ‘pretty healthy uptick’ in its order value for groceries. Continuing its catalogue expansion, the e-commerce platform said that it has increased its option count by 32% Y-O-Y.
Dinesh Taluja, CFO and Corporate Development, Reliance Retail in the earnings call on Friday said, “Our focus has been on improving the average order values, which were 30% on a year-on-year basis, as well as an increase in the number of units per order, which is up 37% on a Y-o-Y basis. While a lot of our selection is driven by 1P given the wide breadth of categories that we are present – electronics, grocery, fashion, to fill the increased assortment and provide customers with a wide variety of choices, we are also bringing 3P onto the platform.”

Campaigns such as ‘Holi Ready’ & ‘Republic Day’ sales drove customer engagement with growth in sessions and GMV. JioMart has also launched new functionality to enhance the shopping experience such as a ‘Buy Again’ widget, and a customer rating for products.
Retail Ventures (RRVL), the holding company of Reliance Retail, on Monday reported a consolidated net profit of Rs 2,698 crore for Q4FY24, which was up 11.7% versus the year-ago.
JioMart is Reliance Retail’s e-tail arm that debuted in 2020. JioMart endeavours to empower entrepreneurs and strengthen the SMB community in India by providing them with one of India’s largest home-grown e-marketplace destinations. It seeks to create an excellent experience amongst sellers and buyers with its convenient services, diverse choice of products, easy-to-use interface, quick delivery, and unparalleled deals.
More Stories
Samsung Launches Bespoke AI Refrigerator Series With AI Features Redefining Smart Cooling.
Reliance Consumer Products Limited Acquires Velvette.
Genpact Joins Forces With WWF-India And WOTR To Drive Climate Action In India.