JioMart’s groceries Platforms, a subsidiary of Reliance Industries, and Meta Platforms, a division of Facebook, are launching a grocery delivery app that will use WhatsApp. This strengthens the ties between billionaires Mukesh Ambani and Mark Zuckerberg as they seek to increase their digital footprint in India.
WhatsApp users may browse JioMart’s grocery assortment, place orders, and pay without leaving the app, according to a Monday announcement. Facebook invested $6 billion in Jio Platforms in 2020 for a minority share.
Ambani, the chairman and managing director of Reliance Industries, the parent company of Jio Platforms, said in a statement on Monday, “Our objective is to promote India as the world’s premier digital society” with help of JioMart’s groceries. After Mark and I announced our cooperation with JioMart’s groceries Platforms in 2020, we both saw the potential in connecting more people and businesses to the internet and developing ground-breaking new technologies.
The group’s e-commerce platform is being expanded by Reliance Industries, which is also enhancing its mobile infrastructure throughout India. Ambani told shareholders on Monday that the country’s largest mobile carrier, Reliance Jio Infocomm, which has more than 380 million customers, will invest 2 trillion rupees ($25 billion) to launch 5G services in the world’s second most populous nation.
At 65, Ambani is still aggressively growing his economic empire while slowly passing the torch to his offspring. He had been the company’s chairman and a director until he resigned in June. Ambani’s eldest son, Akash, 30, recently took over as CEO of the cell carrier, while he continues to serve as chairman of Jio Platforms, the parent company of Reliance Jio that owns all Jio digital services brands.