Reliance Retail Ventures Ltd. is the next after Reliance Jio to raise funds

Business Strategy and Stories Tops

Reliance or we can say Mukesh Ambani is able to raise a huge amount of investments in his company, earlier Reliance Jio was the one that received huge investments, and after that Reliance Industries asked the same 13 investors of Reliance Jio to invest in Reliance Retail Ventures Ltd. And after that, the companies did not wait much and they started investing in the retail segment of Reliance Industries.

The recent news adds that Mukesh Ambani is not stopping from raising investments and making his company grow by leaps and bounds. On this Wednesday, the company official reported that they have been able to raise around Rs 5,550 crores for its Reliance Retail Ventures Ltd. This they were able to do by selling their own or we can say stake of about 1.28% to one of the very big private equity firms of US known as KKR and Co. With this Reliance has started storing a huge chest of money for growth purposes in the retail segment or we can say e-commerce segment in India.

The company that was the first to invest in this retail venture of Reliance was Silver Lake and it invested around Rs 7,500 crores and this they were able to do buy a purchasing stake of the company of about 1.75%. And after this Silver Lake’s investment and KKR’s investment in Reliance, the total investment till now is of Rs 13,050 crores. Before this, the Reliance Jio was able to raise investments of about Rs 1,52,056 crores that were remarkable as well as record investment in any Indian company.

The Reliance Retail Ventures Ltd. is not a small venture as it is about 30% of the whole Reliance company. The value of Reliance Retail Ventures Ltd. is of about Rs 4,21,500 that is indeed a huge valuation.

After various things that happened in the favor of Reliance Industries, Mukesh Ambani is now the fourth richest man in the world and now he is planning to grow his retail venture to such an extent that it will give a strong competition to many other retail ventures that are already there in the market. In this pandemic, as we all know the e-commerce segment is the one that is growing at a very fast rate, and after observing this, Reliance Retail has started its online food and grocery delivery business to that is known as JioMart.

Earlier KKR has also invested in Reliance Jio and at that time it invested around Rs 11,367 crores by buying a stake of about 2.32%.

As a feature of its new trade methodology, Reliance Retail is onboarding little and chaotic dealers to extend its organization to more than 20 million.

“Reliance Retail’s new trade stage is filling a significant requirement for buyers and private companies as more purchasers move to shop on the web and the organization offers instruments for kiranas to be a basic aspect of the worth chain,” said Henry Kravis, prime supporter, and co-CEO of KKR.

Rupen Jhaveri, overseeing chief, private value, KKR India said the firm is centered around two contributing subjects: utilization update and advanced change.

“Our investment in Reliance Retail is predicated on their strong physical presence coupled with a solid new commerce strategy and backed by a robust supply chain infrastructure,” he said.