Mukesh Ambani-led RIL’s new arm JioMart will take on Amazon and Flipkart but with a different warehousing-less strategy aided by a tech acquisition spree.
Mukesh Ambani-led Reliance has been on a tech investment spree with firms like Fynd and Asteria, and though it’s not out in the open, the pattern similar to Amazon’s investment approach suggests the Indian Mogul is gearing up to challenge Jeff Bezos’s monopoly in the e-commerce domain.
Billionaire industrialist Anil Ambani on Saturday resigned as Director of Reliance Communications as the bankrupt telecom operator nears sale of its assets under an insolvency process.
Headlines are screaming Anil Ambani Faces Jail Due To Non-Payment Of Dues. Will Mukesh Ambani again feature in Anil Ambani’s story — this time to ‘bail’ him out? DKODING Newsline: Feb 21, 2019 For an average Indian, Reliance Communication filing…