Reliance Jio Sets An Eye At E-Commerce, Head-On With Paytm, Flipkart
After disrupting the telecom industry in India, Reliance Jio is now set to launch an ecommerce platform, leveraging its penetration and millions of subscribers. As per the reports by ET the company is working with kirana stores and consumer brands to let people buy locally using coupons via Jio Money platform or even text messages.
The project is currently ongoing in Mumbai, Chennai and Ahmedabad, the report said.
Having witnessed the huge success of Jio and the fact that it touched a 132 million+ subscribers base in about a year, now its entry in the e-commerce segment could be a very bad news for digital wallet and e-commerce players like Paytm and Flipkart.
Although having investors like Softbank behind their back, this head-on battle will be interesting to watch.
The online...