HomeStartupAjio becomes Reliance Retail's first profitable online venture

Ajio becomes Reliance Retail’s first profitable online venture

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Chandigarh District Commission Holds AJIO And Reliance Retail Liable For  Charging More Than The Product's MRP
  1. In August of the previous year, Isha Ambani took charge as the head of the division at Reliance Retail.
  2. Ajio is expected to register ₹6-8 crore in earnings before EBITDA in December, attributing this success to market trends favoring premium brands and leveraging Reliance’s array of international brands.
  3. The company achieved cost reductions in logistics by fulfilling orders through physical stores closer to delivery points, thereby reducing return rates.
  4. Ajio has around 4,000 stock points for last-mile delivery, including nearby Reliance Retail stores, Ajio effectively curtailed logistical costs.
SourceET

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