Earlier this month, Mark Zuckerberg announced that he will be investing more than 40 crores in Mukesh Ambani’s JioMart.
Here’s all you need to know:
1.) No warehouses
Unlike its competitors like Flipkart and Amazon, JioMart will not be using large warehouses to stock up on their products. They will in fact, partner up with local stores or Kiarana stores to deliver products.
2.) Range of products
JioMart is looking to only focus on home essentials. Groceries and any other product to be sure to shine will be available on JioMart.
3.) App details
JioMart currently does not have a dedicated app yet. But it’s coming soon. As with any of its competitors like Amazon, Grofers or Big Basket, JioMart will also need a dedicated app to reach out to a wider audience.
4.) The Zuckerberg effect
The partnership with Zuckerberg definitely means that his platforms will work in sync with JioMart. You can definitely expect to have WhatsApp and JioMart to join hands and make the service a lot more user-friendly.
5.) A looming threat
When Ambani launched his Jio cellular service, it put a lot of other cellular networks under the threat of going out of business thanks to its wild success. This could once again come true for Ambani’s latest venture and all of its other competitors.