Tech
JioMart unlikely to break into quick commerce top tier: BofA
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Reliance Retail’s quick commerce service JioMart is unlikely to emerge as one of the top two players in the segment due to its current 30-minute delivery model, according to a report by BofA Global Research.
Unlike rivals Blinkit, Zepto, and Swiggy’s Instamart, which rely on a dense network of dark stores for 10-minute delivery, JioMart fulfils orders from existing offline retail locations and has not invested in dedicated micro-warehouses.
“Unlike its competitors, RIL is not making dedicated investments in the dark store network. Instead,…
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