Dunzo

Photo: The Financial Express

Delivery Startup Dunzo Raises $240 Mn Funding; Reliance Retail Tops

Dunzo, a Bengaluru-based hyperlocal delivery startup, said that it raised $240 million in the latest round of funding. Reportedly, Mukesh Ambani's Reliance Retail topped among the investors by acquiring a 25.8% stake in the startup. Reportedly, the funding will help it to ramp its game against competitors. ''Dunzo is planning an initial public offering (IPO) in the next three years,'' informed Kabir Biswas, co-founder, and CEO of Dunzo. 

Fri, 07 Jan 2022 - 09:43 PM / by Brijesh Goswami

Tags: Dunzo, Startup, Reliance Retail, funding, bengaluru

Courtesy: Startup Story

7-Eleven

Photo: Business Standard

7-Eleven Stores To Be Opened Soon In India By Reliance Retail

Reliance's retail division Industries Ltd said on October 7 that it has negotiated a franchise contract with 7-Eleven Inc to open convenience stores in India. According to Reliance Retail Ventures Ltd, the first 7-Eleven store will open on October 9, in India's financial capital, Mumbai. Mukesh Ambani's Reliance had agreed to buy Future Group's retail assets but due to Amazon.com's objection, the acquisition came to a halt.

Thu, 07 Oct 2021 - 02:00 PM / by Vidhi Jhunjhunwala

Tags: 7-eleven, Reliance Retail, India, Mumbai

Courtesy: The Times of India

Reliance-Justdial

Photo: Tricity 365

Reliance To Acquire Local Search Engine Justdial

Mukesh Ambani-owned Reliance Industries (RIL) is in talks to acquire the local search engine Justdial for a whopping Rs 5,920 to Rs 6,660 crore. The deal will help Reliance to leverage the 25-year-old local search engine’s merchant database. In a board meeting to be held on July 16, Justdial will “evaluate” its fundraising plan. The promoters are said to hold a 35.5% stake in the company.

Thu, 15 Jul 2021 - 05:10 PM / by Bornika Das

Tags: Mukesh Ambani, Reliance Industries, Reliance Retail, Justdial

Courtesy: Times Now Digital

Big Basket and Tata

Photo: Next Big Brand

Tata Group Plans To Acquire 68% Stake In Virtual Grocer 'BigBasket'

Indian conglomerate Tata Group has inked an agreement with online grocery platform BigBasket acquiring 68% stakes for Rs 9,500 crore. Resultantly, BigBasket's enterprise value clocked beyond Rs.13,500 crores. The new development arrived amidst speculations suggesting Tata Group's possible venture into the e-commerce arena, currently reigned by Grofers, Amazon, and Flipkart. While the rival Reliance Retail is also advancing invasions in the… read-more

Wed, 17 Feb 2021 - 07:18 PM / by Ashly Ann Varghese

Tags: Tata groups, BigBasket, E-commerce, Amazon, Flipkart, Reliance Retail

Courtesy: The Hindu