Reliance to Start New App- WeChat
NewsBytes
May 4, 2019

We chat is a new app the Reliance Jio will soon launch. This app will have 100s of services in one app

According to a Business Standard report, Reliance Jio will launch a new “Super App” which will provide more than 100 services, in one app.This app will act as a “one stop” solution to all of its users needs. The users of this app will also be able to pay bills. It is being developed using a hybrid ecosystem, which will help users buy using online and offline methods.

Many other companies like Paytm, Flipkart etc, have tried to carry out a similar idea, but none of them have been able to do so till date.Experts believe that Jio has all the products, internet userbase, tech team etc, to start such a service in india.

Jio has already begun removing its fashion and lifestyle products from other shopping websites like Amazon and Flipkart. Jio has also begun working with local grocers to set up a system for its new app.

Softbank, is also planning to invest about $2-3 billion in jio, as once it comes to power, it will become a leading app in India

Currently, about 80% of reliances sales comes from its oil and gas business. However, the company is also pushing into the telecom, internet, and e-commerce areas.

In the next 10 years, jio aims to generate half of the groups revenue from the consumer business.