 "reliance jio, RIL, retail, jiomart")
Reliance Industries (RIL) will look at more acquisitions to strengthen its new commerce venture JioMart, part of the retail unit, the company said in an investor update on Friday.
The statement acquires significance as Amazon and Flipkart are gearing up to take advantage of the digital dividend that the Covid-19 pandemic has given e-tailers. Amazon has set aside an additional $1 billion for investment in India, while Flipkart raised $1.2 billion from Walmart in July.
RIL acquired online pharmacy Netmeds in August and will add the pharmacy channel — apart from categories such as fashion, lifestyle and electronics — to the JioMart
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