Reliance Retail's Digital Commerce Arm JioMart's Seller Base Soars 94% YoY In Q4 FY24
India, April 22 -- Even as its profit and revenue declined sequentially, Reliance Retail, the retail vertical of Reliance Industries Ltd (RIL), said its digital commerce arm JioMart saw healthy growth in seller additions in the quarter ended March 2024.
In its quarterly financial results, RIL said that JioMart saw its merchant base jump 94% year-on-year (YoY). However, it didn't disclose the merchant base numbers.
On similar lines, the conglomerate also said that the number of merchants selling consumer electronics via its new commerce platform witnessed a 20% YoY growth but did not specify any numbers.
In the statement, the company also didn't mention the contribution of digital and new commerce businesses to Reliance Retail's top lin...
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