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
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