Mukesh Ambani

Photo: The Financial Express

Reliance Plans to Clash with Amazon for E-Commerce Supremacy

With purchasing majority stakes in Netmeds, Mukesh Ambani's Reliance Industry is set to compete against e-commerce giant Amazon. Billionaire Mukesh Ambani is looking to acquire several local online retailers, including Urban Ladder, Zivame and Milkbasket, with an aim to widen the footprint of Reliance Retail as he looks to challenge other e-commerce behemoths. Recently, the billionaire has raised more than USD 20 billion by selling stakes in Reliance Jio.

Wed, 19 Aug 2020 - 11:08 PM / by Tania Mukhopadhyay

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