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Mukesh Ambani-led firm Reliance aims to integrate JioMart in WhatsApp within 6 months. The move will allow the 400 million users of India’s most popular messaging service order products without having to leave the app, two officials aware of the development told Mint. Reliance and Facebook partnered in April 2020. Facebook bought a 9.9 per cent stake in Reliance Industries digital unit Jio Platforms for $5.7 billion. Ambani had then said that JioMart and Whatsapp would empower nearly 3 crores small Indian Kirana shops to transact with every customer in their neighborhood digitally.
The integration of both platforms is mainly aimed to keep WhatsApp users from leaving the app. WhatsApp has also introduced its payment system in November 2020, in partnership with India’s National Payment Commission. According to the report, Ambani is trying to wrest a bigger share of India’s retail market, estimated to reach $1.3 trillion by 2025.
“Through our investment with Jio, we’re going to bring millions of small businesses and the customers they serve into the digital economy. This will make it easier for businesses to connect with customers and close sales,” a WhatsApp spokesperson told the publication.
During the deal between Reliance and Facebook, Mukesh Ambani had said. “The synergy between Jio and Facebook will help realize Digital India Mission with its two ambitious goals — Ease of Living and Ease of Doing Business for every single category of Indian people without exception. In the post-Corona era, I am confident of India’s economic recovery and resurgence in the shortest period of time. The partnership will surely make an important contribution to this transformation.”
Reliance to Integrate JioMart in WhatsApp
