The digital commerce and merchant partnerships business has gained significant traction in the wake of COVID-induced disruptions and accounted for about 10 per cent of Reliance Retail s FY21 revenue of Rs 1,53,818 crore. According to the latest annual report of Reliance Industries, the digital commerce and merchant partnerships business contributed nearly 10 per cent of revenues, significantly stepped up from near zero in the preceding year .
Reliance Retail has reported a revenue of Rs 1,53,818 crore and a pre-tax profit of Rs 9,842 crore in FY21. Describing the growth of the online channel, the company said: Digital commerce gained significant traction in the wake of lockdown/restrictions and is likely to remain buoyant.
Reliance Retail got 10pc revenue in FY21 from digital commerce, merchant partnerships biz
yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.
Reliance Retail got 10 pc revenue in FY21 from digital commerce
sakshi.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sakshi.com Daily Mail and Mail on Sunday newspapers.
Reliance Retail s JioMart has started offering smartphones, televisions and refrigerators on the online umbrella platform. The launch of these products on JioMart comes 4-5 months behind schedule, and it now plans to integrate the recently acquired Urban Ladder, Zivame and Hamleys with the platform.