by RJ Shara | Jul 16, 2021 | Fundings and Exit
Reliance Retail stated on Friday it has gotten a controlling stake in 25-year-old Indian search and discovery company Just Dial for$469 million. The Indian retail giant, which leads the marketplace, stated it has acquired 41%stake in publicly noted Just Dial for$469 million and will make an open deal to acquire an extra […]
The Indian retail giant, which leads the market, stated it has acquired 41% stake in publicly listed Simply Dial for $469 million and will make an open deal to obtain an additional 26% stake later on. Simply Dial offers regional search and e-commerce services through its website, mobile apps and telephone line. Screengrab of Simply Dial website. …
by RJ Shara | Mar 30, 2021 | Fundings and Exit
Amazon has acquired a startup in India that is helping offline stores go online, the e-commerce group’s latest attempt to make inroads in the world’s second most populous nation where brick and mortar continue to drive more than 95% of sales. The American e-commerce group said on Tuesday evening that it has acquired Perpule, a […] …
by RJ Shara | Jan 8, 2021 | Startups
Jumbotail, an online wholesale marketplace for grocery and food items, stated on Friday it has actually raised an extra $14.2 million as the Bangalore-based startup chases the chance to digitize area stores on the planet’s second-largest internet market. The five-year-old start-up said the new tranche of its Series B financing round was led by VII Ventures, […] The start-up, which has actually constructed its own supply chain network to make it possible for last-mile delivery, also provides these shops with point-of-sale gadgets so they can easily get access to a much larger selection of brochure and have the brand-new inventory delivered to them within two days. A number of food brands whose items neighborhood stores offer today are not standardized, which positions a question about their quality. To fill this gap, Jumbotail runs its own private label portfolio and Jhina said the start-up will deploy part of the fresh fund to widen this brochure. There are more than 30 million neighborhood stores in India located throughout the thousands of cities and towns in the nation. …
by RJ Shara | Nov 15, 2020 | Fundings and Exit
Reliance Retail has actually acquired a majority stake in furnishings and design platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flipkart.
In a filing to the regional stock market, Reliance Retail stated it had actually obtained a 96%stake in Urban Ladder for […]
, making a more comprehensive push into e-commerce as the biggest retail chain in India gears up to fight Amazon and Flipkart. The Indian retail giant, which keeps the alternative to acquire the remainder stake in the seven-and-a-half-years-old startup, stated it has proposed to invest up to$10.06 million more in Urban Ladder by December 2023. It also runs a chain of physical retail shops in a number of Indian cities. In August, Reliance acquired a 60%stake in pharma marketplace Netmeds’parent company Vitalic for about $83.2 million….
by RJ Shara | Aug 29, 2020 | Fundings and Exit
Reliance Retail, India’s largest retail chain, has actually found a much easier way to broaden its dominant position in the nation: Get most of the 2nd biggest chain’s systems. On Saturday evening(local Indian time ), Dependence Retail stated it has reached an agreement with Future Group to obtainthe latter’s retail and wholesaler organisation, and its […]
India’s Reliance Retail to obtain Future Group’s retail, wholesale, and logistics services for $3.4 billion …
Recent Comments