Ambani on the prowl to amass e-commerce corporations


New Delhi, August 18

Mukesh Ambani is seeking to increase his retail footprint by buying a number of e-commerce gamers. This is being seen as a precursor to the continuing battle with Amazon for India’s scorching e-commerce retail market.

Urban Ladder, Zivame, Netmeds on radar

  • Reliance Industries is in discussions to amass or purchase stakes in furnishings outlet, Urban Ladder, lingerie model, Zivame, on-line pharma retailer Netmeds and Milkbasket.

Mukesh Ambani’s Reliance Industries Ltd (RIL) is in discussions to amass or purchase stakes in furnishings outlet, Urban Ladder, lingerie model, Zivame, and on-line pharma retailer, Netmeds.

As per stories, RIL might pay as a lot as $160 million for Zivame whereas the Urban Ladder deal may very well be pegged at round $30 million and Netmeds at $120 million. Milkbasket, a milk firm, can be mentioned to be one of many targets. Ambani has raised greater than $20 billion by promoting fairness stake in Jio Platforms.

RIL can be mentioned to be in talks to amass full or components of Kishore Biyani’s Future Group’s retail property. — IANS



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