The VC fund the move will fetch it attractive returns as the online pharma start-up grew 4x over past three years
This investment represents 60 per cent holding in the equity share capital of Vitalic and 100 per cent direct equity ownership of its subsidiaries
Next on the list: media and entertainment, e-commerce, a series of online businesses, and retail
Plans to export JioMart-WhatsApp model
Around 50 per cent of Reliance Retail's nearly 12,000 stores were fully shut in the quarter, while 29 per cent were partially open, the company said on Thursday
With the launch of the app, JioMart has now enabled increased omni-platform interface bringing seamless and enhanced accessibility to consumers
Amazon wants a preferred, strategic stake in Reliance Retail for JioMart
Cost efficiency gives Avenue Supermarts an edge, but valuation is expensive
Cost efficiency provides DMart an edge, but competitive intensity is growing
Company ranks among top 100 global retailers
"We will induct global partners and investors in Reliance Retail in the next few quarters," he said at Reliance Industries annual general meeting
Through a blend of online events, video-guided tours and parties, and digital catalogues called "flipbooks", the company's sales have awakened after the easing of the lockdown.
Video-calls, whatsapp catalogues, tailored web-parties tap customers
Here's a timeline of Reliance Jio Platforms' six mega investment deals with foreign players and one additional commitment announced since April 22, 2020
Starting with Facebook Inc on April 22, Reliance has sold almost 25 per cent of equity in Jio Platforms.
An agreement between Ambani's Reliance and Future, which already has a partnership with Amazon.com Inc., could be announced as early as next month
Future Supply Chain Solutions (FSC) is a third-party supply chain and logistics service provider that offers warehousing facilities also.
Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India's business world as the right hand of billionaire Mukesh Ambani.
In April, Facebook had announced an investment of $ 5.7 billion (Rs 43,574 crore) in Jio Platforms.
The app is not yet available on Apple or Google Play Store and has to be downloaded from jiomart.com