Reliance Industries-owned Ajio is setting up a new marketplace for low-priced fashion items, Ajio Street, which will work on a zero-commission model, in a bid to expand its customer base to non-metro cities in India
The company has achieved this feat within eight years of its inception and claims that half of the total sellers registered to belong to tier 2 and smaller towns.
The visit is significant for SoftBank, which has been facing losses from its Vision Fund, and comes on the back of a series of stake offloads across listed firms
