At a time when heavyweights like Tiger Global and Softbank were throwing billions into the game, Mukesh Ambani and his Reliance Industries (RIL) did not do much except making a few small investments and setting up a low-key startup mentorship programme. But now, when the madness has started to fizzle out, Ambani has jumped into the game.
On Nov. 15, Reliance Retail Ventures, a part of RIL, acquired 96% stake in online furniture portal Urban Ladder for Rs182.12 crore ($24.43 million). This is the latest e-commerce acquisition by RIL this year. In August, RIL brought a majority stake in digital pharmacy startup Netmeds. In this episode our Business Editor Mr Akhilesh Bhargava shares his take.
#Netmeds #Reliance #UrbanLadder #MukeshAmbani #IshaAmbani
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