🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Reliance Retail Denies Closure and Layoff Rumors at Milkbasket
IndianStartupNews
·
2y ago
Medial
This news covers the denial by Reliance Retail of any plans to shut down Milkbasket or lay off its staff. Reliance emphasizes that while Milkbasket is integrating with JioMart, employees will be reassigned to different roles but not lose their jobs.
View Source
Related News
List of Companies Acquired by Reliance
StartupTalky
·
1y ago
Medial
Reliance Industries has made several acquisitions in recent years to strengthen its subsidiaries, including Reliance Jio and Reliance Retail. The acquisitions include media and education companies, retail companies, telecom and internet firms, digital firms, and companies in the chemicals and energy space. Some notable acquisitions include Balaji Telefilms, EdCast, Saavn, Haptik, Den Networks, Hathway Cable & Datacom, Milkbasket, Zivame, Dunzo, and many more. These acquisitions highlight Reliance's ambition to be counted among the top companies globally.
View Source
Flipkart product, tech head Jeyandran Venugopal may join Reliance Retail Ventures as CEO
Economic Times
·
3m ago
Medial
Jeyandran Venugopal, former Chief Product and Technology Officer at Flipkart, is reportedly set to join Reliance Retail Ventures as CEO. This move is seen as Reliance Industries' strategic step to bolster its retail sector with tech leadership. Venugopal, who led product management and innovation at Flipkart, is expected to exit in May. With Reliance Retail undergoing restructuring, his leadership aims to drive the next growth phase for their consumer-facing businesses.
View Source
Ambani's Reliance Retail in talks to raise $2.5B by this month's end
IndianStartupNews
·
1y ago
Medial
Reliance Retail, owned by Reliance Industries, is reportedly in discussions with global investors to secure an additional $2.5 billion (INR 20,680 crore) in funding by September 2023. This funding is part of a $3.5 billion target fund, with the first $1 billion already secured from Qatar Investment Authority (QIA). Reliance Retail, valued at $100 billion, is said to be considering opportunities for expansion and growth. The move follows the recent announcement of Reliance Industries' plans to sell an 8-10% stake in Reliance Retail Ventures Limited.
View Source
Yatish Talvadia launches Anmasa, a D2C grocery brand
Inshorts
·
4m ago
Medial
Former Milkbasket cofounder and CEO Yatish Talvadia launched a new venture, D2C grocery brand Anmasa. Talvadia has cofounded the startup with Shailendra Upadhyay, the former founder of grocery delivery platform Veggie India that was acquired by Milkbasket in 2019. Anmasa started its operations in 2024.
View Source
India's Reliance Retail in $1.5 bln Gulf, Singapore funds talks -sources
Reuters
·
1y ago
Medial
Reliance Retail, India's largest retailer, is reportedly in discussions with existing investors, including Singapore's GIC, Abu Dhabi Investment Authority (ADIA), and Saudi Arabia's Public Investment Fund (PIF), for combined new investments totaling around $1.5 billion. This initiative is part of Reliance's goal to raise $3.5 billion by the end of September. The investors are looking to invest at least $500 million each in Reliance Retail at a valuation of $100 billion. Reliance Retail has witnessed significant growth and expansion in recent years, with investments from various stakeholders.
View Source
Indian billionaire Ambani's Reliance Retail to raise $598 mln from ADIA
Reuters
·
1y ago
Medial
Abu Dhabi Investment Authority (ADIA) is set to invest 49.67 billion rupees ($597.58 million) in Reliance Retail Ventures, the retail unit of Reliance Industries owned by Indian billionaire Mukesh Ambani. The investment will give ADIA a 0.59% stake in the company at a valuation of $100.8 billion. This comes as Reliance Retail has been attracting investments from other entities like KKR & Co and Qatar Investment Authority, as it competes with Amazon and Flipkart.
View Source
Qatar Investment Authority to invest ₹8,278 crore in Reliance Retail Ventures
Livemint
·
1y ago
Medial
Qatar Investment Authority (QIA) will invest ₹8,278 crore in Reliance Retail Ventures Limited (RRVL), a subsidiary of Reliance Industries Limited. This translates to a 0.99% minority equity stake in RRVL, valuing it at ₹8.278 lakh crore. The investment underscores QIA's confidence in the Indian economy and Reliance's retail strategy.
View Source
Shein back in India? Mukesh Ambani’s Reliance to launch IPO-bound label, ex-Meta honcho to be roped in, says report
Livemint
·
1y ago
Medial
Reliance Retail Ventures, owned by Mukesh Ambani, is set to launch Chinese fast fashion label Shein in India. The popular fashion brand will be available on Reliance Retail Ventures' app and brick-and-mortar stores. Reliance Retail previously partnered with Shein and is likely to appoint former Meta director Manish Chopra to head operations in India. This move is part of Reliance Retail Ventures' strategy to bring international brands like Tiffany & Co and ASOS to India. Shein was previously banned in India due to tensions between the countries but will now operate under Reliance Retail Ventures.
View Source
Grapevine: PEs, others eye Theobroma; layoffs lead to closure murmur at ReshaMandi
VCCircle
·
11m ago
Medial
Switz Group, Carlyle, Kedaara Capital, and ChrysCapital have submitted non-binding bids for a majority stake in Indian bakery chain Theobroma. The potential investment is being evaluated by the private equity firms and could result in a significant partnership for Theobroma. Meanwhile, there are rumors of layoffs leading to the closure of ReshaMandi, creating concerns in the industry.
View Source
ADIA may infuse $600 million in Mukesh Ambani's Reliance Retail
Livemint
·
1y ago
Medial
The Abu Dhabi Investment Authority (ADIA) is reportedly considering investing $600 million in Reliance Retail, owned by Mukesh Ambani. ADIA has already invested in Reliance Retail Ventures, acquiring a 1.2% stake in 2020. This potential investment comes after Reliance Retail received significant investments from global firms such as KKR and Qatar Investment Authority earlier this year. Reliance Retail has been expanding its business through acquisitions and franchise rights, with a network of over 18,500 stores and digital platforms across various sectors.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/32HYDO7GZJO7BFP6WGU7HC3DQE.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/AUKNKV3L6NKM7FPRPSG7KRMVGM.jpg)
