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New Competition for Amazon, Flipkart? Reliance to Launch its Own Ecommerce Venture
March 09, 2019
Today, the Indian ecommerce market is dominated by only two players- Amazon and Flipkart. However, this duopoly is soon going to be disrupted as the chairman of Reliance Industries and the richest man in India Mukesh Ambani is preparing to launch his own ecommerce venture.
According to sources, Reliance will launch its own ecommerce portal before Diwali which is the most important time for retailer as they make almost a third of their annual sales during this period. Huge discounts and offers from Reliance’s new venture are also expected.
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