Reliance Jio Buys 87% Stake In AI-Based Startup Haptik For ₹700 Crore
Reliance Jio is poised to create more ripples in the artificial intelligence sector, with the acquisition of 87% stake in chatbot startup Haptik in a ?700 crore deal. The total transaction size, including primary capital investment, includes ?230 crore as the consideration for the initial business transfer from Haptik to Jio. The Haptik team will?
- Reliance Jio is poised to create more ripples in the artificial intelligence sector, with the acquisition of 87% stake in chatbot startup Haptik in a ₹700 crore deal.
- The total transaction size, including primary capital investment, includes ₹230 crore as the consideration for the initial business transfer from Haptik to Jio.
- The Haptik team will continue to drive the growth of the business, including the enterprise platform as well as digital consumer assistants.
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