Reliance Industries in talks for majority stake in startup Grab - Times of India

Reliance Industries in talks for majority stake in startup Grab - Times of India

  • Reliance Industries ( RIL ) is in advanced discussions to buy a majority stake in Mumbai-based hyperlocal logistics startup Grab a Grub Services, according to two sources familiar with the development.
  • The company had also held talks with Paytm for an acquisition,” said one of the sources mentioned earlier.
  • The acquisition, if it goes through, will help Reliance with a new commerce push, which is expected to be launched by telecom arm Reliance Jio and Reliance Retail.


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