How Reliance will beat Amazon and Flipkart in E-commerce race
Reliance Retail upcoming entry into the Indian online space is the biggest challenge for already established e-commerce companies like Amazon and Walmart owned Flipkart.
As per the latest report, Mukesh Ambani-led Reliance Retail is set to create massive disruption in the market.
About Reliance Retail
Reliance Retail, which operates massive 10,415 stores in more than 6,600 Indian cities having an annual footfall of 500 million.
Reliance Retail (which have a store like Reliance Trend) had $81 billion in revenue and $9.4 billion in profit during 2019.
Reliance Retail is the largest retailer in India, with $18.7 billion in revenue during the financial year 2019, and it grew at a CAGR of 55 percent in the last five years.
Reliance Retail also has a portfolio of over 4...