Canada markets close in 6 hours 20 minutes
  • S&P/TSX

    18,499.37
    +14.84 (+0.08%)
     
  • S&P 500

    3,923.03
    -2.40 (-0.06%)
     
  • DOW

    31,954.34
    -7.52 (-0.02%)
     
  • CAD/USD

    0.8012
    +0.0023 (+0.29%)
     
  • CRUDE OIL

    62.96
    -0.26 (-0.41%)
     
  • BTC-CAD

    63,980.82
    +1,940.74 (+3.13%)
     
  • CMC Crypto 200

    1,024.15
    +29.48 (+2.96%)
     
  • GOLD FUTURES

    1,779.70
    -18.20 (-1.01%)
     
  • RUSSELL 2000

    2,284.38
    +53.07 (+2.38%)
     
  • 10-Yr Bond

    1.4630
    +0.0740 (+5.33%)
     
  • NASDAQ

    13,599.91
    +1.94 (+0.01%)
     
  • VOLATILITY

    22.86
    -0.25 (-1.08%)
     
  • FTSE

    6,679.61
    +20.64 (+0.31%)
     
  • NIKKEI 225

    30,168.27
    +496.57 (+1.67%)
     
  • CAD/EUR

    0.6552
    -0.0014 (-0.21%)
     

Reliance to embed e-commerce app into WhatsApp within six months: Mint

·1 min read

BENGALURU (Reuters) - Mukesh Ambani's Reliance Industries plans to embed its ecommerce app JioMart into WhatsApp within six months, financial daily Mint reported https://bit.ly/3oTRtPB on Monday, as the Indian conglomerate looks to ramp up its retail and grocery business in the country.

Reliance, which has been trying to move away from its mainstay oil and energy business, had last year raised about $26 billion from investors like Google and Facebook for its digital and retail arms as it takes on Amazon.com Inc and Walmart-backed Flipkart in India.

The move to integrate JioMart with WhatsApp will allow hundreds of millions of users to order products from Reliance without having to leave the app, Mint said, citing two officials aware of the development.

At last count, WhatsApp had about 400 million users in India. Facebook invested $5.7 billion for a 9.99% stake in Jio Platforms last year.

JioMart was launched https://www.reuters.com/article/us-reliance-retail/indias-reliance-launches-jiomart-online-grocery-service-challenging-amazon-flipkart-idUSKBN230070 in May last year with plans to be operational across 200 cities in India. The e-commerce venture of Reliance's retail arm offers free express grocery delivery from neighborhood mom-and-pop stores.

Reliance Industries and WhatsApp owner Facebook did not immediately respond to Reuters requests for comment.

(Reporting by Philip George in Bengaluru; Editing by Arun Koyyur)