reliance retail
ADIA Invests ₹4,966.80 Crore in Reliance Retail Ventures
The past months have seen several high-profile names make investments in Reliance Retail Ventures Limited (RRVL), a subsidiary of Mukesh Ambani’s Reliance Industries Limited. Another big name, and…
KKR increases Reliance Retail stake with new $250Mn investment
Global investment major KKR has upped its stake in Mukesh Ambani’s Reliance Retail Ventures with an additional investment of ₹2,069.50 crore (nearly $250 million), which elevates the valuation…
Reliance to accept India’s CBDC as payment option across retail stores
The fag end of the previous year saw the Reserve Bank of India (RBI) commence the retail and wholesale pilots of the nation’s first-ever Central Bank Digital Currency…
Amazon launches Smart Commerce to digitise small stores across India
Amazon's goals for India have been well on pace for timely completion. India has already accounted for $5 Billion in exports via Amazon, and is on pace to reach $20 billion by the year 2025.
Reliance acquires 89% stake in online lingerie upstart Clovia
Mukesh Ambani’s Reliance Industries has been expanding rapidly across categories, from apparel to grocery delivery to pharmacy to others. It has made breakthroughs in the innerwear segment with…
Reliance Retail acquires 25.8% in Dunzo for $200Mn, enters quick commerce
The concept of quick commerce has gained traction in recent times. You can thank the pandemic for that, seeing how Indians have increasingly preferred to shop groceries and…
Advantage Amazon in Future Group-Reliance deal as Delhi High Court orders to maintain status quo
After a long series of defeats in the ongoing battle between Amazon and Reliance Retail over its acquisition of Future Group, the American e-commerce firm has finally bagged…
Reliance looks to integrate JioMart ecommerce app into Whatsapp within this year: Report
Months after entering the e-commerce business with the launch of JioMart, Reliance Retail is about to take things up a notch, and is planning to integrate the app…
Court rejects Future Group plea to restrain Amazon from going against Reliance deal
Delhi High Court has dismissed a plea from Future Group, seeking to restrain the e-commerce giant Amazon Inc from interfering with its latest $3.4 bn deal with Reliance…
Reliance acquires Urban Ladder for $24.4Mn
In a bid to further expand its presence in the online retail market of India, Mukesh Ambani led Reliance Industries has acquired a huge 96% stake in the…
Future Retail – Reliance deal dispute moves ahead as Delhi High Court issues summons to Amazon
The dispute remains unresolved between the U.S e-commerce giant Amazon and India’s Future Retail Ltd, as FRL has urged the Delhi High Court to grant the company a…
Saudi Arabia’s PIF acquires a 2.04% stake in Reliance Retail for $1.3 billion
Reliance Retail Ventures Limited is raising huge amounts of capital (just like its sister company Jio Platforms) to dominate the Indian retail market, and has recently announced an…
Reliance reports a massive Q2 with $17.4 billion in revenue, Jio rake in $2.37B
Reliance, India’s biggest company, owned by India’s richest man, has had a once in a lifetime growth surge this year, raising money left and right and achieving new…
Reliance says its $3.4Bn acquisition of Future Group fully enforceable, even as Singapore court rules in Amazon’s favor
After Amazon received a favorable ruling from a Singapore arbitration court in regards to the deal between Reliance Retail and Future Group, the Indian retail giant has come…
Amazon sends a legal notice to India’s Future Group over its deal with Reliance Retail
Reliance Retail — India’s largest retail chain — buying a majority stake in the country’s second biggest retail giant-Future Group was red flags all along in any case.…
Reliance retail raises more than $750 million from Abu Dhabi Investment Authority
Mukesh Ambani has added yet another multimillion dollar investment to his name, and raised more than $750 million from Abu Dhabi Investment Authority in exchange of a 1.2%…
Reliance retail to raise about $1 billion from GIC, TPG
Reliance Retail has bagged yet another billion dollar investment, this time from two global funds – Singapore’s GIC and US-based TPG, which will acquire 1.6% stake in the platform…
Mubadala acquires 1.4% stake in Reliance Retail for $857 million
The investment spree of Reliance Retail continues(read more here), as the company has acquired $857 million (Rs 6,247.5 crores) from Mubadala, an Abu Dhabi-based sovereign investor, in exchange…
Reliance Retail gets $498Mn from General Atlantic
It seems as if the exact same storyline keeps repeating itself time and again. Yet another Jio Platforms investor is investing in yet another Reliance company. General Atlantic,…
Reliance Retail gets $747Mn from KKR for a 1.28% stake at a $57B pre-money valuation
Mukesh Ambani is leveraging his existing investor firepower from the over $20Bn that he raised for Reliance Jio, to raise money for his retail business. KKR, one of…
Amazon in talks to acquire 40% of Reliance retail for $20B: Bloomberg
Mukesh Ambani’s Reliance Retail might offer up 40% equity stake to Amazon in exchange for about $20 billion, a new Bloomberg report says. If the deal does come…