JioMart Franchise Cost, Revenue & Profit 2024

The E-commerce world is one of the biggest industries in the world at this age. In this big industry, there are also many companies with big successes.

Entrepreneurs also look for ways to enter the industry through franchising under famous brands’ names.

JioMart is one of those brands that look very lucrative as they are one of the leading e-commerce companies in India. This article will talk about JioMart and its franchise system.

JioMart Franchise
JioMart Franchise

About JioMart and Its History

JioMart was founded in December 2019, but its operations had their first start in late 2020 in some pilot regions.

They quickly grew to over 200 cities in over 2,500 estimated outlets all across India.

They were first focused on grocery sales, but they are now offering everything from furniture to fashion products.


Franchise Model Table

Cost Or FeesAmount
Initial Investment       20-25 Lakhs
FranchiseYES
Franchising Since2020
Franchise-Fee5-10 Lakhs
Royalty-FeeN/A
LiquidityN/A
Estimated Outlets2,500

How Much Does it Cost to Open a JioMart Franchise?

The expected initial investment to open a JioMart franchise is 20 to 25 lakhs. This includes the franchise fee, which is depicted as the “security fee,” of between 5 to 10 lakhs.

Other expected costs, such as shop costs, warehouse, overhead, and inventory fees, are all included in the expected initial investment.


JioMart Franchise Requirements

JioMart doesn’t look for a lot of requirements from potential franchisees. You can either open a new shop to be directly under the JioMart brand or be a dealership if you are already a working retailer. You need:

  • If you are a retailer, you need to have an established brand working in the distribution business.
  • Have the infrastructure or have the finances to create the infrastructure needed.
  • Have sufficient funds or financing to start and run the business.

JioMart Profit & Revenue

In the latest report the company published, they saw a 19% year over year increase in their revenue, to Rs 69,267 crore. Their net profit also rose by 12.9% to about Rs 2,415 crore.

Aspiring entrepreneurs in the grocery store franchise realm have choices like Aldi Franchise, 7-Eleven Franchise, and Swiss Farm Franchise to consider.


JioMart Comparison

NameFranchise FeeRoyalty FeeInitial Investment
Big Bazaar5 lakhsN/A10 lakhs
Grofers3 lakhs3%15-20 lakhs
JioMart10 LakhsN/A20-25 Lakhs

Conclusion

JioMart was founded only in 2019 and started operations in 2020, but they have quickly gained market space and popularity to become one of the biggest e-commerce stores in India.

They are currently franchising to those interested, whether you already have a retail brand or not. You can easily use their name to make a profit as an entrepreneur.

You need 20-25 lakhs to open a JioMart franchise, 10 of which is the franchise fee. They posted a Rs 2,415 crore net profit in 2022, with an increase of 12.9% from the previous year.

These numbers show that JioMart is an extremely profitable brand, and you can take a piece of it.


FAQs

How can I be a JioMart franchisee?

You can easily apply to be a JioMart franchisee online on their website.

Once you provide the information they require, you will need to wait for them to get back to you about your application.

Is the JioMart franchise profitable?

JioMart is one of the best e-commerce companies in India. This brand recognition makes it easy for franchisees to profit from their stores.

The exact profitability depends on the individual business owner.

How much does it cost to open a JioMart franchise?

The expected initial investment to open a JioMart is 20-25 lakhs. This includes the 10 lakhs of franchise fee as a security fee.

Sources

https://en.wikipedia.org/wiki/JioMart
https://retail.economictimes.indiatimes.com/news/e-commerce/e-tailing/reliance-q4-results-jiomart-expands-its-seller-base-by-56-quarterly/99692190?redirect=1

10 thoughts on “JioMart Franchise Cost, Revenue & Profit 2024”

  1. Hi I am an IT professional work for a Leading short video App as Influencer Partnership Manager and Strategy. I am interested to start a franchise business, please call me back for more information.

    Reply
    • Hi, we do not represent JioMart so if you are interested in opening this franchise then please get in touch with the company itself for more details regarding this.

      Reply
  2. I am interested to have a franchise of Jio mart grocery store at BRAHMAPUR, ODISHA. Please confirm me regarding this.

    Prabhat Nisanka

    Reply

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