E-com, merchant partnerships add 10% to Reliance Retail’s revenues

The electronic commerce and service provider partnerships business contributed practically ten per cent to revenues worth ₹1,fifty three,818 crore of Reliance Retail in fiscal 2020-21, ’significantly’ mounting from in the vicinity of zero in the preceding fiscal, according to newest yearly report of Reliance Industries. Reliance Retail noted a pre-tax gain of ₹9,842 crore in the very last fiscal.

“Electronic commerce attained sizeable traction in the wake of lockdown/restrictions” and is “probable to continue to be buoyant,” the firm stated.

In the very last fiscal, Reliance Retail strengthened its electronic commerce and omni-channel abilities across all companies and adopted newest technologies this kind of as synthetic intelligence (AI) and machine discovering (ML) to cater to shifting buyer conduct.

Reliance, which had launched India’s most significant hyperlocal system JioMart very last 12 months, has acquired on line pharmacy Netmeds, on line home furnishings retailer City Ladder and on line lingerie retailer

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