Reliance Retail
A subsidiary of Reliance Industries, Reliance Retail was founded in 2006 and is headquartered in Mumbai. With Mukesh Ambani as the Chairman, and his daughter, Isha Ambani as the CEO, the company is one of India’s leading retail players with 249 million registered customers.
According to the annual report released by its parent company Reliance Industries Ltd., under Isha Ambani Reliance Retail crossed the one billion transaction mark in FY23.
In 2007, the company launched Reliance Digital, its consumer electronics retail chain. In 2018, Reliance Retail crossed the revenue milestone of $10 billion in sales. In 2020, the company launched JioMart, which became India’s largest hyperlocal solution.
Its various outlets offer products from various industries such as food and beverages, clothing, footwear, electronics, and toys. With over 18,000 stores its brands include Freshpik, Reliance Smart, JioMart, Cover Story, CENTRO, Trends Footwear, AJIO, and Netmeds among others.
The company has also supported local arts and artisans and its programme ‘Handmade in India’ also promotes Indian art forms globally.
Reliance’s major competitors in the online space are Amazon, Flipkart, and Tata Group. In the offline sphere, its competition is with DMart, Aditya Birla Retail, and others.
- Articles(382)
- Videos(0)
Retail
Top 7 luxury brands Reliance Retail introduced in India
Aasma Khan | September 21, 2024
Discover how Reliance Retail is revolutionising India’s luxury market with 7 top international brands, from Valentino to Burberry.
AI Gen
Is Tier 3 India Ready for Its Own DMart?
Nucleus_AI | August 19, 2024
The Indian grocery market, a $600 billion behemoth, is the lifeblood of the nation’s retail sector. With 90% of this market dominated...
News
Swiggy taps fresh talent for Instamart as it gears up for public listing
Akshita Toshniwal | July 22, 2024
Swiggy brings in fresh talent from Reliance, Amazon, Flipkart etc to revamp its quick commerce segment as it gears up for a $1.2 billion IPO.
News
Startup news and updates: Daily roundup (July 22, 2024)
Bhuvana Kamath | July 22, 2024
YourStory presents daily news roundup from the Indian startup ecosystem and beyond. Here's the roundup for Monday, July 22, 2024.
Funding
Fast fashion retailer Newme raises $18M in Series A round led by Accel and existing investors
Akshita Toshniwal | July 18, 2024
The company plans to use the funds for offline expansion and optimising its supply chain. It is also planning to open 40-50 stores across 20 key cities, including key markets in North-east India, over the next 12-18 months.
Daily Capsule
Mira Kapoor on launching Akind; Making business networking easy
Team YS | June 17, 2024
Earlier this year, the omnichannel beauty retailer launched its nail care brand, Nails Our Way, apart from its private label for beauty accessories under the label Tira tools.
Retail
Skincare as self-care can be taught early, says Mira Kapoor on launching Akind
Payal Ganguly | June 16, 2024
Celebrity influencer and public figure Mira Rajput Kapoor’s skincare line Akind, launched in partnership with Reliance Retail’s beauty platform Tira, is the latest addition to the mid-market skincare segment targeted at India’s growing D2C customer base.