As Mukesh Ambani, Chairman and Managing Director, Reliance Industries, prepares to Formally launch world’s largest online-to-offline Brand New e-commerce platform and give jitters to Amazon and Walmart-Flipkart, Reliance Jio is Allegedly working on a”super app” Which will provide over 100 Solutions at one platform.
Jio is presently serving over 300 million readers in India as data and voice traffic has witnessed an unparalleled expansion.
According to experts, launching a”super app” in this juncture would place Reliance in a pole position to make India’s WeChat, in the market where others enjoy Snapdeal, Paytm, Freecharge, Flipkart, along with Hikehave failed.
“The ubiquitousness of Jio devices puts Reliance in a strong position. It can connect its vast ecosystem of its users using a multi-layered fabric, offering a rich array of solutions, connecting online-to-offline, through a one-stop, super program,” Prabhu Ram, Head, Industry Intelligence Group (IIG), CMR, told IANS.
Reliance Jio’s”super program” will facilitate e-commerce, online bookings and payments – all at one spot.
“India is a mobile-first state and such a self-contained network that offers advantage will find favour with demanding consumers,” Ram emphasised.
The technology heap at Reliance Jio, via a series of acquisitions and investments, now includes a conversational Artificial Intelligence (AI) coating, a vernacular voice tech layer, a plywood coating, in addition to a AI-based education coating.
“All of these layers, on top of the Jio apparatus network would put Reliance in a pole position to create India’s WeChat,” Ram noted.
According to Mukesh Ambani, the new commerce platform will aim to alter the lives of approximately three crore retailers across the nation, allowing them to perform all that big businesses and e-commerce giants are able to perform with the support of technology.
“Reliance is focusing on creating the world’s largest online-to-offline New Commerce Platform,” Ambani said at the”Earn in Odisha Conclave” in November last year.
On the other hand, after successful implementation of freedom business, Jio is now focused on catapulting India’s underserved Home and Enterprise connectivity marketplace to global standards using its next-generation GigaFiber FTTH services.
Reliance Jio Infocomm reported a 64.7 percent boost in its own standalone net profit for its January-March quarter of the fiscal year 2018-19, on an year-on-year basis.
The company reported a standalone earnings in operations of Rs. 11,106 crore during the quarter under review, 55.8 percent higher from Rs. 7,128 crore during the exact same quarter of the previous financial.