Reliance’s Mukesh Ambani gears up for e-commerce play, acquires two more startups
Asia's richest man Mukesh Ambani has acquired startups in last-mile logistics, software even as it prepares to take on Amazon and Walmart-owned Flipkart in India's hypercompetitive e-commerce market. Last month, Reliance had acquired three startups.
- During an event in Gujarat in January this year, Ambani had announced plans of launching an e-commerce venture.
- Textile-to-telecom giant Reliance Industries has now entered into agreements to acquire two startups, first, last mile logistics delivery service Grab A Grub and second, software services firm C-Square Info Solutions.
- Around a week back, it had entered into agreements to acquire three startups – language localisation technology platform Reverie Language Technologies, software-as-a-service startup Easygov, software simulation services company SankhyaSutra Labs, according to regulatory filings and media reports.