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10h ago

Reliance Retail Ramps Up Quick Commerce With 600 Dark Stores and Sub‑30‑Minute Delivery

The retailer is leveraging its nationwide store network to push instant fulfilment across more categories.

The unlisted firm is now focusing on quick hyper-local deliveries across its network in India, in which JioMart logged a 42 per cent Q-o-Q growth and 200 per cent-plus Y-o-Y growth in average daily orders.
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Overview

  • JioMart now serves over 5,000 pin codes across nearly 1,000 cities after a rapid build-out of hyperlocal fulfilment.
  • Average daily orders rose 42% quarter on quarter and roughly 200% year on year, according to CFO Dinesh Taluja.
  • Instant delivery has expanded beyond groceries to electronics in ten cities and to fashion via Ajio Rush in 300 pin codes across six cities.
  • Quick commerce contributed about 20% of Reliance Retail revenue in the September quarter as the company added roughly 6 million transacting customers.
  • Reliance Retail Ventures reported gross revenue up 18% and profit after tax up 21.9% for the quarter, as it positions against Blinkit, Swiggy Instamart and BigBasket.