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<ul><li><keyword id="8939913" type="General" weightage="80" keywordseo="jio-haptik" source="Orion">Jio Haptik</keyword> and <keyword id="3498585" type="General" weightage="80" keywordseo="cashe" source="Orion">CASHe</keyword> partner to enable automated instant credit lines on <keyword id="790242" type="General" weightage="20" keywordseo="whatsapp" source="Orion">WhatsApp</keyword>. </li><li>This will aid business owners and solopreneurs to access instant credit via WhatsApp. </li><li>Jio <keyword id="4380499" type="General" weightage="100" keywordseo="haptik" source="Orion">Haptik</keyword> and CASHe claim to provide revolving loans on WhatsApp within a minute.</li></ul>Jio Haptik partnered with financial wellness platform CASHe on Tuesday to enable instant credit line disbursals on Whatsapp. Jio Haptik is a WhatsApp chatbot solution provider, which was acquired by <keyword id="6355199" type="General" weightage="50" keywordseo="reliance-industries" source="Orion">Reliance Industries</keyword> in 2019. The overriding technology powering this solution is Haptik’s advanced conversational commerce capabilities and CASHe’s AI-powered bot. The Whatsapp chatbot matches the user’s inputs and automatically facilitates a formal application, along with a Know-Your-Customer (KYC) check. Once verified, it sets up a credit line in a few clicks through a guided conversational flow. The user’s details are generated and displayed based on the name entered – the only key input that the borrower needs to enter is at the start of the conversation. “Haptik is pleased to be partnering with CASHe, India’s leading financial wellness platform, with the aim of helping borrowers get access to loans and credit seamlessly and in under a minute. Since going live with our WhatsApp bot, CASHe has witnessed over 50,000 credit line issuances, more than ₹25 crore in loan disbursals, and more,” said Swapan Rajdev, co-founder and CTO, Haptik. However, this is not the first time that an Indian company is offering loans via Whatsapp. <a href="https://economictimes.indiatimes.com/news/how-to/need-a-loan-just-say-hi-on-whatsapp-and-get-rs-10-lakh-instantly-heres-how-to-apply/articleshow/86961211.cms?from=mdr">Last year</a> IIFL Finance, a non-banking financial company, offered an instant loan disbursement of ₹10 lakh on WhatsApp, where users could access it by typing ‘Hi’ in a chat box, in five minutes. Jio Haptik and CASHe, however, claim to provide revolving loans on WhatsApp within a minute. Revolving loans provide more flexibility with drawdowns and repayments as opposed to traditional loans. “With this solution on offer, we have successfully pivoted our credit model to adapt to the shifts in the lending space by offering instant sachet loans to existing and prospective borrowers through an engaging and conversational flow. The digital assistant on WhatsApp helps us to reach out to new customers and support the existing ones,” said <keyword id="12757264" type="General" weightage="50" keywordseo="yashoraj-tyagi" source="Orion">Yashoraj Tyagi</keyword>, CTO of CASHe. <keyword id="15651702" type="General" weightage="50" keywordseo="jio-on-whatsapp" source="Orion">Jio on Whatsapp</keyword> This August, <keyword id="58448" type="General" weightage="50" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> launched a grocery delivery service called Jio on Whatsapp. In the September ending quarter, Reliance Retail said that <keyword id="8506093" type="General" weightage="50" keywordseo="jiomart" source="Orion">JioMart</keyword> on WhatsApp brought in 37% orders from ‘new’ customers on JioMart. “The business launched JioMart on WhatsApp native app during the quarter, a novel and disruptive initiative that brings the simplicity of instant chat service to the online shopping experience to millions of consumers. An impressive 37% of orders received from this platform are from new customers who had not shopped on JioMart before,” Reliance said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/india/news/government-listed-private-companies-capex-to-touch-21-lakh-crore-in-fy23-icici-securities/articleshow/95858117.cms">Government, listed private companies’ capex to touch ₹21 lakh crore in FY23: ICICI Securities</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/recent-ipo-successes-could-lead-to-recovery-in-the-primary-market-ey/articleshow/95858664.cms">Recent IPO successes could lead to recovery in the primary market: E&amp;Y</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/sustainability/news/mumbai-delhi-ranked-lowest-among-6o-global-cities-for-public-transit-systems/articleshow/95857282.cms">Mumbai, Delhi ranked lowest among 6o global cities for public transit systems</a>

Jio Haptik and CASHe partner to deliver instant credit lines on Whatsapp

<keyword id="3658" type="General" weightage="50" keywordseo="india" source="Orion">India</keyword>'s largest retailer <keyword id="1065743" type="General" weightage="50" keywordseo="reliance-retail-ltd" source="Orion">Reliance Retail Ltd</keyword> on Wednesday said it has entered a long-term partnership with <keyword id="6431981" type="General" weightage="20" keywordseo="gap" source="Orion">Gap</keyword> Inc. to bring iconic American fashion brand to India. Through the long-term franchise agreement, <keyword id="58448" type="General" weightage="80" keywordseo="reliance-retail" source="Orion">Reliance Retail</keyword> has become the official retailer for Gap across all channels in India, Reliance Retail said. Reliance Retail will introduce Gap's latest fashion offerings to Indian consumers through a mix of exclusive brand stores, multi-brand store expressions, and digital commerce platforms. The partnership is aimed at leveraging Gap's position as a leading casual lifestyle brand, and Reliance Retail's established competencies in operating robust omni-channel retail networks and scaling local manufacturing and driving sourcing efficiencies. Founded in San Francisco in 1969, Gap continues to build on its heritage grounded in denim and connect with customers online and in company-operated and franchise retail locations globally. Reliance Retail brings Gap's shopping experience to customers in India, offering the brand's youthful, optimistic fashion for men, women, and kids. "At Reliance Retail, we pride ourselves in bringing the latest and best to our customers and we are happy to announce the addition of iconic American brand, Gap to our fashion and lifestyle portfolio," said Akhilesh Prasad, CEO, Fashion &amp; Lifestyle, Reliance Retail. "We look forward to growing the Gap business across key international markets," said Adrienne Gernand, Managing Director of International, Global Licensing and Wholesale at Gap Inc. SEE ALSO : <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/news/there-is-a-need-to-pass-the-it-rules-2021-to-tame-social-media-platforms-like-twitter/articleshow/92703683.cms">There is a need to pass the IT Rules, 2021 to tame social media platforms like Twitter</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/tech/enterprise/news/facebook-insta-and-google-took-down-over-21-million-posts-in-may-while-whatsapp-and-twitter-banned-over-19-lakh-bad-accounts/articleshow/92698950.cms">Facebook, Insta and Google took down over 21 million posts in May while WhatsApp and Twitter banned over 19 lakh ‘bad’ accounts</a>

Reliance becomes the official retailer for American fashion brand Gap in India

<ul><li>The Indian ecommerce space may soon run out of space to accommodate any more players if another big player tries to make an entry, according to a report.</li><li>Bernstein has maintained that the Indian ecommerce sector would not be a “winner take all” opportunity.</li><li>The four biggest players in the segment are <keyword id="18635" type="General" weightage="20" keywordseo="amazon" source="Orion">Amazon</keyword>, <keyword id="6354742" type="General" weightage="20" keywordseo="flipkart" source="Orion">Flipkart</keyword>, <keyword id="10926" type="General" weightage="20" keywordseo="reliance" source="Orion">Reliance</keyword> and Tata Digital.</li></ul>Every big Indian business has been chasing the ecommerce space, which is expected to clock <a href="http://www.businessinsider.in/business/ecommerce/news/india-will-have-more-ecommerce-users-by-2025-than-us-population/articleshow/92062424.cms">half a billion users</a> by the end of this decade. Whether it’s Amazon, Flipkart, Reliance JioMart or Tata Digital’s latest super app <keyword id="12651286" type="General" weightage="20" keywordseo="Tata-neu" source="Orion">Tata Neu</keyword>, everyone has been leaving no stone unturned to dominate the customer demand and mindspace. Now, a new report by JM Financial has revealed that we may soon run out of space to accommodate any more players. The Indian financial services company noted that the entry of another large player into the already “crowded” ecommerce space could instead lead to further consolidation, which will be harmful for smaller players trying to make a mark. “Smaller “me-too” players are likely to lose out. Further, we see these large players continuing their hunt for specialised e-commerce players to fill their portfolio gaps in order to maintain leadership. Besides, we could see them acquiring e-commerce enabling companies, e.g., logistics, data analytics, etc. to support organic growth,” the report added. Meanwhile, Bernstein has maintained that Indian ecommerce would not be a “winner take all” opportunity due to low ecommerce penetration of different categories and customer segmentation. The private wealth management firm noted that ecommerce is the largest segment in India internet and is expected to grow more than five-fold to reach $133 billion by 2025. <cmsannotation type="cmsannotation" annotationid="Tata Neu may eat into Amazon, Flipkart and Reliance’s share" comment="subhead" text="Tata Neu may eat into Amazon, Flipkart and Reliance’s share">Tata Neu may eat into Amazon, Flipkart and Reliance’s share</cmsannotation> Tata Digital’s superapp Tata Neu — which brings all of its digital services and apps on a single platform — is the latest one to join the battle. Even though none of the brands or banners launched under the super app are new, the consolidation of them all under one banner has given an advantage to the company especially when it comes to personalisation of products. JP Financial noted that Tata Neu sells almost 95% of overall e-tailing segments, ranging from electronics to clothes to shoes to groceries through brands like Westside, Tata CLIQ, Croma and BigBasket. The platform also offers flight tickets, jewelry and would add more product lines or brands in the time to come. It is expected to clock<a href="https://www.businessinsider.in/retail/e-commerce/news/tataneu-could-be-worth-15-billion-all-thanks-to-bigbasket-croma-and-westside/articleshow/92052094.cms"> $20 billion in sales</a> by the end of this decade. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Company </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Monthly Active User </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Amazon </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15 million* </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Flipkart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">30 million* </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance JioMart </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/news/dmart-and-jiomart-are-offering-deep-discounts-to-catch-up-with-bigbasket/articleshow/86750826.cms#:~:text=According%20to%20the%20report%2C%20BigBasket,and%20DMart's%205%20million%20each.">5 million</a> </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Neu </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;"><a href="https://www.businessinsider.in/business/news/tata-neu-has-been-downloaded-2-2-million-times-in-the-last-one-week/articleshow/90848701.cms">2.2 million**</a> </td></tr></tbody><tbody></tbody></table>Source: Media reports, Jefferies, Bernstein *The Data is based on Bernstein analysis **Tata Neu announced that it recorded 2.2 million downloads in the first week of its launch in April 2022. Tata Neu is well placed to take market share away from its existing competitors like Flipkart, Amazon, Reliance Retail, the report added. Reliance Industries had launched JioMart in 2019 to sell groceries online, the platform maily competed with BigBasket (now owned by Tata) and Zomato-backed Grofers (now called Blinkit). The Mukesh Ambani-led company later decided to expand JioMart’s offering to include clothes, accessories, household items and more to give tough competition to Amazon and Flipkart. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/business/corporates/news/paytm-could-be-entering-a-low-cost-high-profit-margin-regime-say-a-brokerage-firm/articleshow/92054964.cms" style="">PayTM could be entering a low cost-high profit margin regime, say a brokerage firm</a> <a href="https://www.businessinsider.in/business/startups/news/physicswallah-is-indias-first-profitable-edtech-startup-up-here/articleshow/92056796.cms" style="">YouTube channel to a billion dollar company — India’s first profitable edtech unicorn is here</a> <a href="https://www.businessinsider.in/retail/e-commerce/news/tataneu-could-be-worth-15-billion-all-thanks-to-bigbasket-croma-and-westside/articleshow/92052094.cms" style="">TataNeu could be worth $15 billion all thanks to BigBasket, Croma and Westside</a>

After Amazon, Flipkart, Reliance and Tata Neu, India's $133 billion ecommerce market may be too little for a fifth player

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Jio Haptik and CASHe partner to deliver instant credit lines on Whatsapp

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Reliance becomes the official retailer for American fashion brand Gap in India

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After Amazon, Flipkart, Reliance and Tata Neu, India's $133 billion ecommerce market may be too little for a fifth player

Kritti Bhalla

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