According to news, Reliance Industries has started limited test use of WhatsApp to connect customers to grocery stores, days after Facebook decided to invest USD 5.7 billion in digital assets controlled by the company. JioMart, an e-commerce venture of Reliance Retail, has already started interacting with customers on WhatsApp for grocery orders in Navi Mumbai, Thane and Kalyan, Credit Suisse.
The customer initiates the interaction on WhatsApp, checks out the grocery order on the JioMart webpage, gets connected with a retail store on WhatsApp and then customer picks up the order from Kirana and pays in cash.
The Facebook deal will help Ambani set up a digital platform to take on Amazon and Walmart's Flipkart in an e-commerce market that KPMG says is likely to grow to USD 200 billion by 2027.
The deal benefits Facebook via partnership with the largest retail player in India, where partnership starts with grocery, and later could be extended to medicine distribution, fashion and lifestyle stores, food delivery, etc.
See What’s Next in Tech With the Fast Forward Newsletter
Tweets From @varindiamag
Nothing to see here - yet
When they Tweet, their Tweets will show up here.
