Reliance Industries owned Reliance Retail and Fynd have been listed as Fast Company’s prestigious annual list of the World’s Most Innovative Companies – the Asia Pacific for 2022. Reliance retail-led ranked third in the list and acquired recognition for its new commerce endeavour, JioMart and its creative integration with WhatsApp.
Fynd which is the omnichannel forum from Reliance-backed Shopsense Retail Technologies indexed 9 in the list for its innovative retail technology solution that assisted store owners with no online manner sell goods remotely when they had to close due to the pandemic.
Such would be the following recognition in recent years for RIL’s businesses. Previously, Reliance Jio in 2018 was ranked at number 17 in Fast firm’s list of the world’s 50 Most Innovative firms.
In the present year, the Fast Company list lists businesses that are creating the largest impact on their businesses and culture as a whole—ultimately thriving in today’s ever-changing realm. These firms are creating the future today with some of the greatest motivating accomplishments of the 21st century. Moreover, to the World’s 50 Most Innovative Companies, 528 organizations are acknowledged across 52 categories.
Reliance Retail which is the hugest retailer in India has witnessed robust growth over the years which has accelerated a large socio-economic modification on an extraordinary scale in India. Reliance Retail’s operating model declares the aspirational energy of the new, resurgent India. Its directing philosophy rests on the tenets of facilitating inclusion, advancement and building sustainable societal value for millions of Indians.
The retail chain company through its JioMart intends to transform and develop the small merchant ecosystem so that the merchant partners prosper and can fix their customers nicely. Reliance Retail’s robust operating model and skills have withstood the testing duration posed by the pandemic.
When the world was attempting to cope in retaining sustainability in business activities during the time pandemic crash, especially in the lockdown period, the JioMart platform enabled Reliance Retail to continuously assisted the Kirana partners, so that they in spin could assist their customers.
In a statement, the company noted that “the award is a testament to the impact JioMart has had and the crucial new value it has built for small merchants, customers and all other members in the retail ecosystem.”
However, Reliance-owned startup, Fynd is financing retail businesses to stimulate growth. It is a one-stop shop for building omnichannel explanations using innovative retail technology decreasing the complexities of adding new brands, channels, store locations, fulfilment centres, and more.
