JioMart is the online grocery and quick-commerce platform of Reliance Retail Ventures, part of Mukesh Ambani's Reliance Industries. Launched as a pilot in December 2019, it is led by CEO Sandeep Varaganti and by June 2026 delivered from more than 3,100 stores across 1,200+ cities and 5,100+ PIN codes.
Who owns JioMart?
Reliance Industries owns about 83% of Reliance Retail Ventures, which runs JioMart. Minority shareholders include Qatar Investment Authority, KKR, Silver Lake, GIC and PIF.
How does JioMart make money?
JioMart earns retail margins on groceries, FMCG, electronics and fashion sold online and packed at nearby Reliance stores. It adds marketplace commissions, advertising, delivery fees, B2B supply to kirana shops and margins from Reliance brands such as Campa. Reliance does not break out JioMart's revenue.
JioMart in numbers (2026)
- Reliance Retail FY26 gross revenue: ~$42.9 billion (₹3,70,026 crore) (+11.8%); EBITDA ~$3.14 billion (₹27,033 crore).
- Average daily orders: 3.6x year-on-year in FY26; +116% in Q1 FY27.
- Digital share of grocery B2C revenue: 13.4% in Q1 FY27.
- Two-hour delivery network: 2,500+ digital, fashion and lifestyle stores.
JioMart vs Blinkit, Zepto and Instamart
Blinkit, Zepto and Swiggy Instamart held about 93% of quick commerce in 2025, per Datum Intelligence. JioMart competes on reach and catalogue breadth rather than 10-minute speed, using existing stores in smaller cities where rivals are thin.
What's next
Reliance Retail calls JioMart its main growth driver for FY27 and plans to expand only in micro-markets that meet targets for order density, repeat rates and contribution margin, funding growth from existing profits.
