Breaking: Reliance Jio Acquires Haptik For INR 230 Cr
3 April 2019 10:47 AM GMT
Nearly a week after Inc42 exclusively reported that Reliance is acquiring chatbot startup Haptik, the company has now announced that?
- exclusively reported that Reliance is acquiring chatbot startup Haptik, the company has now announced that Reliance Industries via its subsidiary Reliance Jio Digital Services Limited has entered into a definitive business transfer agreement with Haptik Infotech Pvt Ltd (Haptik) for 87% stake in the company.
- The total transaction size will be for about INR 700 Cr ($102.3 Mn) of which the initial business transfer is INR 230 Cr.
- The rest of the outlay will be invested in growth and expansion, Reliance said.
- In light of Haptik's acquisition, it looks like Reliance is gearing up to create a complete ecosystem of products similar to Amazon Alexa's ecosystem built for Jio's vast subscriber base.
Next Story
