How the third iteration of Reliance’s retail business works, and why people want to put money in it
Private equity firm TPG Capital looks like the next one to jump on the Reliance Retail investment bandwagon, to the tune of $1 billion, ET Prime reports. Earlier this month, blue chip private equity investment firm KKR invested Rs 5,550 crore ($750 million) in the company at a valuation of Rs 421,000 crore ($56 billion). Both the money coming in and the valuation are serious numbers. A casual reader of this development might say, well, we’ve seen this coming, haven’t we? First it was Jio Platforms, the holding company for Reliance Industries Ltd’s telecom and digital services businesses, which …
Saif is a writer and co-founder at The Morning Context. He has worked across technology, strategy and business functions during his career. Saif has extensive experience in e-commerce, working with companies such as Snapdeal and LG Electronics in India. He currently works at an edtech startup in Canada. At The Morning Context, he focuses on e-commerce and retail and writes the stories that matter.
Writer
saif@mailtmc.com
Toronto