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Reliance Retail was established in 2006 as a wholly-owned subsidiary of Reliance Industries, with chairman Mukesh Ambani announcing an investment of up to ₹ 25,000 crore (US$5.52 billion) for the new venture at Reliance's 32nd annual general meeting in June 2006. [8]
JioMart is an Indian e-commerce platform, owned by Reliance Retail. Launched in 2019, it initially focused on online groceries before expanding into other categories such as fashion, home essentials, electronics, and lifestyle products by adopting a marketplace model. [ 5][ 6][ 7][ 8]
Shopclues.com. ShopClues is an Indian online marketplace, owned by Clues Network Pvt. Ltd.[ 2] The company was established in July 2011 by Sanjay Sethi, Sandeep Aggarwal and Radhika Aggarwal. [ 3][ 4] In 2015, ShopClues was valued at US$1.1 billion, [ 5] with Tiger Global, Helion Ventures, and Nexus Venture Partners as major investors. [ 2]
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