Reliance Retail scaling up quick-commerce, plans to set up dark stores

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Reliance Retail scaling up quick-commerce, plans to set up dark stores - Business Standard

Quick Summary:

Country's leading retailer Realiance Retail, which saw 2.4x growth in the number of orders from its quick commerce/hyper local delivery in the March quarter, is significantly scaling it with plans to open dark stores to expand the coverage area.

In the March quarter, Reliance Retail saw over 2.4 times growth in terms of the number of orders, which is a significant scale-up, said its CFO Dinesh Taluja during the earnings call earlier this week.

"And we are seeing very strong traction with a 2.4x quarter-over-quarter growth in daily exit orders.