{"id":6601,"date":"2024-10-07T22:01:00","date_gmt":"2024-10-07T16:31:00","guid":{"rendered":"https:\/\/www.thirdeyesight.in\/?p=6601"},"modified":"2024-10-11T22:10:35","modified_gmt":"2024-10-11T16:40:35","slug":"reliance-targets-quick-commerce-challenging-blinkit-swiggy-instamart","status":"publish","type":"post","link":"https:\/\/myechoproject.com\/TES\/reliance-targets-quick-commerce-challenging-blinkit-swiggy-instamart\/","title":{"rendered":"Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy&#8217;s Instamart"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><em>Writankar Mukherjee, Economic Times <br>7 October 2024 <\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance Retail has initiated efforts to enter the thriving quick commerce market in a move that is set to escalate competition for Zomato-owned Blinkit, Swiggy Instamart and BigBasket, among others. The country&#8217;s largest retailer has started offering quick commerce services in select areas in Navi Mumbai and Bengaluru through its ecommerce platform JioMart since last weekend.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It will initially sell grocery items from its retail stores totalling about 3,000 nationwide, eventually adding value fashion and small electronic products such as smartphones, laptops and speakers, a senior executive said. All orders will be fulfilled from its own network of stores including Reliance Digital and Trends.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The retail arm of Reliance Industries plans to rapidly scale up its quick commerce venture pan-India by this month-end with the aim to deliver most orders in 10-15 minutes and the rest within 30 minutes, the executive said. The company will use its acquired logistics service Grab for the fulfilment.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance, however, doesn&#8217;t have any plan to set up dark stores or neighbourhood warehouses, unlike other quick commerce operators, the executive said. Analysts said this may become a challenge in delivering orders within 30 minutes in large cities where traffic is high during peak hours.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To entice customers, Reliance won&#8217;t charge any delivery fee, platform fee or surge fee irrespective of the order value, and keep a major focus on untapped smaller cities and towns where quick commerce operators like Blinkit are yet to enter, the executive said. Other platforms have a delivery fee and platform fee.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Reliance plans to offer a wider choice of products of 10,000-12,000 stock keeping units by linking its entire store inventory to the quick commerce business, which too is much more than rivals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Eventually, the company aims to cover 1,150 cities spanning 5,000 pin codes where it runs grocery stores. The executive said the company would target a bigger share of business from towns and smaller cities hitherto untapped by quick commerce firms.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">&#8220;Reliance has reworked the way orders are delivered for JioMart. Earlier, orders had a scheduled delivery taking 1-2 days by small trucks who would take multiple orders and deliver them one by one. Now, all grocery orders will be quick commerce where one delivery bike or cycle will deliver one order. Each grocery store will cover a 3 KM radius,&#8221; the executive said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Earlier this year, the company tried to reduce JioMart delivery timings to a few hours or at least the same day under its hyperlocal initiative. It has fine-tuned the process further to 10-30 minute delivery. &#8220;This has become a top-of-the-kind requirement in the market right now,&#8221; the executive said.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A spokesperson for Reliance Retail didn&#8217;t respond to ET&#8217;s queries.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Devangshu Dutta, chief executive at consulting firm Third Eyesight, said Reliance can ultimately use a blended approach of quick commerce deliveries in areas near its stores and scheduled deliveries a bit far away.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>&#8220;Since they are in a market share acquisition mode in quick commerce, charging no transaction fees and offering higher discounts on products is a given. There is significant scope for deep-pocketed players like Reliance to strengthen presence in quick commerce. They have aggressively backed other experiments in the retail business once they worked, and may do it again,&#8221; said Dutta.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For fast-moving consumer goods companies, quick commerce is the fastest growing channel, accounting for 30-35% of total online sales.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>(Published in <a href=\"https:\/\/economictimes.indiatimes.com\/industry\/services\/retail\/reliance-retail-targets-quick-commerce-market-challenging-blinkit-swiggys-instamart\/articleshow\/114022274.cms?from=mdr\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Economic Times<\/a>)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Writankar Mukherjee, Economic Times 7 October 2024 Reliance Retail has initiated efforts to enter the thriving quick commerce market in a move that is set to escalate competition for Zomato-owned Blinkit, Swiggy Instamart and BigBasket, among others. The country&#8217;s largest retailer has started offering quick commerce services in select areas in Navi Mumbai and Bengaluru [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6602,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[25,708,249,746,215,625,668,60,36,3,270,43,44,46,47,302],"tags":[761,600,32,214,216,59,191,69,84,86,166,195,255,256,581,70,718,376,471,660,659,65,202,203,301,393,394,395,397,321,384,398,66,762,820],"class_list":["post-6601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apparel","category-beauty-personal-care","category-e-commerce","category-fmcg","category-food-grocery","category-health-wellness","category-home-products","category-india","category-lifestyle-fashion","category-press-quotes","category-real-estate-2","category-retail","category-soft-goods","category-strategy","category-supply-chain","category-technology","tag-blinkit","tag-ecommerce","tag-fashion","tag-food","tag-food-grocery","tag-india","tag-indian-market","tag-indian-retail-sector","tag-merchandise-planning","tag-merchandising","tag-modern-retail","tag-modern-retailing","tag-multichannel","tag-omnichannel","tag-online-retail","tag-organised-retail","tag-quick-commerce","tag-real-estate","tag-reliance","tag-reliance-industries","tag-reliance-retail","tag-retail","tag-retail-boom","tag-retail-productivity","tag-retailing","tag-sales-sq-ft","tag-sales-per-sq-ft","tag-sales-per-square-foot","tag-store-efficiency","tag-store-localization","tag-store-operations","tag-store-productivity","tag-supply-chain","tag-swiggy","tag-swiggy-instamart"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reliance Retail targets quick commerce market, challenging Blinkit, Swiggy&#039;s Instamart - Third Eyesight<\/title>\n<meta name=\"description\" content=\"Reliance Retail has entered the quick commerce market, aiming to compete with players like Blinkit and Swiggy Instamart. 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