Reliance Retail
Coupang says no plans to enter India
Coupang doesn’t plan to enter the Indian market, the company said, refuting a local media report that claimed that the South Korean e-commerce firm had expressed interest in entering the South A
Bernstein pegs Reliance as India’s eventual e-commerce kingpin
The Indian conglomerate Reliance is poised to outpace Amazon and Walmart-backed Flipkart in the race for the country’s $150 billion e-commerce market, analysts at Bernstein projected in a scath
The Shein-Reliance India alliance could offer inspiration for Chinese startups
Shein is partnering with Reliance to re-enter India, a strategy which, if proven viable, could set an example for startups grappling with the China backlash amid rising geopolitical tensions. The Chin
Reliance JioMart cuts 1,000 jobs and to eliminate thousands more, report says
JioMart, Reliance Retail’s online shopping platform, has laid off over 1,000 employees and plans to cut as many as 9,900 more roles over the coming weeks, according to a report, as the Indian re
Reliance-backed Dunzo nears fresh funding of $50 million
Reliance Retail and Google, two existing backers of Dunzo, are among those holding discussions to invest in the new round, sources said.
India’s retail giant Reliance to accept CBDC at stores
Reliance Retail, India’s largest retail chain, will start accepting retail payments in digital rupee in a move that could supercharge the adoption of the country’s recently launched CBDC. The Muke
This Week in Apps: Twitter’s edit button, BeReal clones, Trump’s Truth Social gets blocked
Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy. Global app spending reached $65 billion in th
Reliance Retail acquires majority stake in D2C brand Clovia for $125 million
Mukesh Ambani-controlled Reliance Retail said on Sunday evening it is acquiring a majority stake of 89% in direct-to-consumer brand Clovia for $125 million as the largest Indian retail chain looks to
Amazon accuses estranged Indian partner Future and Reliance of fraud in newspaper ads
Amazon’s two-year effort to halt a $3.4 billion deal between its estranged partner Future Group and Reliance Retail took a new turn on Tuesday as tens of millions of Indians woke up to find the
Future Retail, Amazon’s estranged partner in India, scales down operations
Future Retail, India’s second largest retail chain, is scaling down its operations to reduce losses, it said, the latest casualty in its years-long battle with estranged partner Amazon. The firm, le
Reliance Retail backs Dunzo in $240 million funding
Reliance Retail has led a $240 million funding round in Google-backed hyperlocal delivery startup Dunzo as the largest Indian retail chain expands to the instant commerce space, a category that has m
India’s Supreme Court rules in favor of Amazon to stall $3.4B Future and Reliance deal
India’s apex court on Friday ruled in favor of Amazon to stall the sale of Future Group to Reliance Industries in a major victory for the American e-commerce giant in the key overseas market —
Reliance Retail acquires controlling stake in Just Dial for $469 million
Reliance Retail said on Friday it has acquired a controlling stake in 25-year-old Indian search and discovery firm Just Dial for $469 million. The Indian retail giant, which leads the market, said it
Amazon acquires Indian retail startup Perpule
Amazon has acquired a startup in India that is helping offline stores go online, the e-commerce group’s latest attempt to make inroads in the world’s second most populous nation where brick and mo
Forget winning, can Amazon survive in India?
During a visit to India in 2014, Amazon chief executive Jeff Bezos made a splashy announcement: His firm was investing $2 billion in the South Asian nation, just a year after beginning operations in t
Indian stock exchanges approve $3.4B Reliance and Future deal in setback for Amazon
Indian stock exchanges on Wednesday approved the $3.4 billion deal between retail giants Reliance Retail and Future Group in yet another setback for Amazon, which has invested more than $6.5 billion i
Jumbotail raises $14.2 million for its wholesale marketplace in India
Jumbotail, an online wholesale marketplace for grocery and food items, said on Friday it has raised an additional $14.2 million as the Bangalore-based startup chases the opportunity to digitize neighb
India approves Reliance’s $3.4 billion deal with Future Group, brings new headache to Amazon
The Indian watchdog Competition Commission (CCI) of India said on Friday it has approved the $3.4 billion deal between the nation’s two largest retail giants, Future Group and Reliance Retail, posin
Reliance Retail buys Urban Ladder for $24.4 million
Reliance Retail has acquired a majority stake in furniture and decor platform Urban Ladder, making a broader push into e-commerce as the largest retail chain in India gears up to fight Amazon and Flip
Ambani’s Reliance Retail raises $1.3 billion from PIF
The Public Investment Fund, which has this year invested $1.5 billion in Mukesh Ambani’s telecom venture Jio Platforms and more than half a billion dollars in his fiber-optic business, has retur