Indian startups out to break new ground; Reliance launches JioMart
In the past ten years, the Indian startup ecosystem has grown significantly to become the third-largest startup ecosystem, second only to the US and China. In the last decade, many homegrown startups have succeeded in developing innovative solutions that have disrupted the industries that they operate in and take on established players across the globe.
And this trend is poised to continue in the new decade too. As we step into 2020 and usher in a new decade, the Indian startup ecosystem has much to look forward to, and there's a palpable sense of enthusiasm and optimism for the year ahead, albeit mixed with a tinge of anxiety as concerns over the impact of a macroeconomic slowdown weigh.
Reliance Retail, part of Reliance Industries, has launched its online grocery delivery portal JioMart, which will leverage the power of its stores and kiranas to deliver goods to consumers. In its pilot stage, JioMart is only going to available in Thane, Kalyan, and Navi Mumbai, and has a portfolio of more than 50,000 grocery products.
Startup Bharat Trends
While metro-based startups are chasing VC funds and focusing on products, their counterparts from Tier II and III cities are chasing customer satisfaction, solving for Bharat, and clocking steady growth.
Amaresh Ojha, Founder & CEO, Gympik
With more than 25,000 clubs and 22 million club members across the Southeast Asian region,aims to grab its share of the fitness industry software opportunity poised to be more than $373.5 billion by 2023.
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