Thursday, July 11, 2024
HomeFMCG/Retail FranchiseAttention!! Is Jio Mart Franchise SHUTTING DOWN? - Detailed Analysis

Attention!! Is Jio Mart Franchise SHUTTING DOWN? – Detailed Analysis

Are you looking for a retail store franchise from a renowned brand? Were you trying to get details on Jio Mart Franchise, but couldn’t find anything LEGIT? Have you got confused about several rumors on Jio Mart? Has your extensive research on Jio Mart business landed you here?

We have some good news for you. We assure you that, after reading this complete article, you would be in a position to choose the BEST AVAILABLE RETAIL FRANCHISE, and certainly help you take an informed decision on the Jio Mart Chain.

In this article, we’ll explore the Jio Mart chain in depth, including its capital requirements, fees, and reason for shutting down its express delivery venture – and answer some frequently asked questions.

JioMart Franchising Opportunities
  • Brand: Jio Mart
  • Founded: 2019
  • Industry: E-Commerce
  • Area served: Major Indian Cities
  • Owner: Reliance Industries
  • Franchising: Not Yet
  • Services offering: Household & Office product supplies
  • Platform: Website, App, & WhatsApp

Overview of Jio Mart Franchise

Overview of Jio Mart Franchise

Started as a pilot project by Reliance Industries & Jio Platform to disrupt the online grocery delivery industry, Jio Mart is one of the leading and rapidly growing online grocery delivery platforms, offering a range of Home grocery items, electronics, fashion, Beauty, fruits, books, furniture, and much more.

The chain was also known for offering 90-minute delivery via its JioMart Express app (now shut down) and has switched to taking orders via WhatsApp. Additionally, Jio Mart chain is currently present in more than 350 town in India covering almost majority of popular cities.

But, How a company like Reliance Industries has decided to roll back its Jio Mart Express delivery program? Remains, unanswered. No worries, we are here to cover everything in detail and to the point.

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JioMart – The Journey

Their humble beginning started as an e-commerce FMCG giant under the guidance from experts from the Reliance Industries and Jio platforms to serve fast and pure FMCG and Home furnishing products with in 90 min, Jio Mart is undoubtedly a renowned and popular e-commerce platform in India.

Key facts about JioMart

Sr No.TypePrivate
2IndustryE-commerce platform
4Founders Or Parent CompanyReliance Industries &
Jio Platform
5Corporate HeadquartersMumbai
6Number of locationsOver 350 town
7Area servedMajority of Indian cities
9Services offeringFMCG, Furniture, Books and much more
10RevenueApprox. ₹ 2 lakh Crore

How Much Does a Jio Mart Franchise Cost?

Does JioMart offer Franchise?

As mentioned earlier, Jio Mart is absolutely an e-commerce platform that offers a range of services to its customers and it DOES NOT offer any franchising program at present. So, there is no question arises about its cost and fee.

We have also verified from its official website but couldn’t manage to get any link or reference for its franchising program. Additionally, we would further request interested applicants to kindly check with the Jio Team before making any kind of fee payment to anybody.

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Announcement of JioMart Express Delivery franchise shutdown

As per the latest news available, JioMart has quietly suspended its JioMart Express delivery services by Mid 2022. While, their JioMart services are still active as a part of a broader partnership between Meta Inc and Reliance’s Jio platforms announced in 2020.

According to TOI Media and FranchiseGoal, JioMart express app has been taken down and new users will not be able to access it from the Google play store & iOS store. Even a Reliance Retail spokesperson too confirmed the news of the shutting down of Jio Express and stated it was only a Pilot with selective users.

Reasons for JioMart Delivery Express shutdown

Undoubtedly, quick delivery business has become quite competitive and we all know current situation for brands like Zomato, Swiggy, and many more.

Additionally, the company officials have also stated that “Its not easy to deliver goods at rapid pace on a sustained basis“.

While, quick delivery may draw or attract new customers, but it may also have certain risk on the quality of product delivered, delivery personal, and many more.

In recent times, almost every quick delivery platforms or businesses were facing cash crunch or struggling to make their businesses profitable.

Can I Apply for Jio Mart Franchise?

Unfortunately, No. At present, Jio Mart sells entire its product range from its online e-commerce platform and WhatsApp. They are also catering its services to over 350 towns in India as delivering quality products at affordable prices.

Moreover, for more latest info, you can always come back to this article or can contact the JioMart team, if they are running or planning to offer franchising programs for its services.

Is Jio Mart Franchise Shutting Down?

First of all, Jio Mart doesn’t run any franchise programs. However, their team may have silently suspended its quick delivery services “Express” programs from their portals(from Websites and App store), and we have already discussed about their suspension reasons above in this article.

Is Jio Mart Franchise Profitable?

Is Jio Mart Franchise Profitable

It may be certainly difficult to comment on profitability of JioMart franchise. Nevertheless, considering the ever-growing retail sector demand, backing from Reliance Industries & their expertise, affordable pricing, a range of household and office products, Jio Mart chain may prove beneficial in upcoming futures.

Furthermore, Reliance Industries is on a buying spree to acquire new businesses like Big Bazaar, Purple Panda Fashions, Hamleys, Grab, and many others. It may certainly help Reliance to grow its brand portfolio and place them always ahead in the competition.

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How to Get Jio Mart Franchise?

It is not possible to become a franchisee of Jio Mart, as the chain does not offer a franchise program. However, if you want a own a similar franchise, then you can go with Har hith store, Big Basket, or Spencer’s. But, do remember that, running a franchise business with huge investment may require additional expertise and experience in the similar industry.

Final Takeaway

JioMart is one of the subsidiary of Reliance industries that deals in offering a range of Household and office supplies products. At present, one can avail its services from its official website and its Mobile apps. Jio Mart is offering its services in over 350 plus town from its website and WhatsApp.

The chain does not run a franchise program since it is a pure e-commerce platform. However, we warn potential investors to avoid any shortcut or intermediator promising to offer you a Jio Mart outlet in your city.

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FranchiseGoal India
FranchiseGoal India
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