Tech Company Financing Transactions
Reliance Retail Funding Round
Reliance Retail, based in Mumbai, Maharashtra, received $600 million from Abu Dhabi Investment Authority.
Transaction Overview
Company Name
Announced On
10/6/2023
Transaction Type
Venture Equity
Amount
$600,000,000
Round
Seed
Investors
Abu Dhabi Investment Authority (Lead Investor)
Proceeds Purpose
The investment comes at a time when Reliance Retail is expanding into new categories, including low-cost fast-fashion, and is also considering a public listing. The company, which also recently partnered with Shein to help the Chinese e-commerce firm reenter India, has purchased and integrated a number of other businesses.
Company Information
Company Status
Private & Independent
Industry
RetailTech
Mailing Address
4th Floor, Court House Lokmanya Tilak Marg, Dhobi Talao
Mumbai, Maharashtra, 400002
IN
Mumbai, Maharashtra, 400002
IN
Phone
Website
Email Address
Overview
Reliance Retail is the retail initiative of RIL and an epicentre of our consumer-facing businesses. It has been ranked as the fastest-growing retailer in the world. It is ranked 53rd in the list of Top Global Retailers and is the only Indian Retailer to feature in the Top 100. It is the largest & the most profitable retailer in India with the widest reach. It has nearly 249 million registered customers buying across all its formats. It recorded more than 780 million footfalls across all its stores in FY23, a scale unmatched by any other retailer in India. With over 3 Million daily transactions, Reliance Retail operates at a scale unparalleled in the Indian retail industry and continues to enrich the quality of lives of millions of Indians every day.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Darshan Mehta
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