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Become A Startup Insider With Inc42 Plus
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After Reliance’s digital venture Jio Platform, Reliance Retail could attract the next set of investors and global partnerships.
Speaking at the 43rd annual general meeting (AGM) 2020, Reliance’s chairperson and managing director Mukesh Ambani highlighted that its retail unit has received a “strong interest” from strategic and financial investors. However, Ambani did not emphasise on this topic further.
Reliance Retail had recorded a turnover of INR 1.62 Lakh Cr in the financial year 2020, ending March this year. With this, Reliance has managed to widen its gap with the competitor Kishore Biyani’s Future Group that has an annual turnover of INR 30,000 Cr.
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