Mukesh Ambani Investment in Startups: Reliance Industries, the most valuable corporation in India based on market value, is being managed by Mukesh Ambani as chairman and managing director. He is the wealthiest person in Asia and the 13th richest person in the world as of August 2023, with an estimated net worth of $91.2 billion.
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Top 5 Startups that Mukesh Ambani has Invested in:
Mukesh Ambani Investment in Startups #1 – Dunzo
In January 2022, Reliance Industries invested INR 1490 crore in Dunzo, giving them a 25.8% stake in the business. Dunzo offers services that include delivery of packages, groceries, medicine, and many more.
Dunzo presently offers delivery services in eight Indian cities, including Bangalore, Delhi, Gurgaon, Pune, Chennai, Jaipur, Mumbai, and Hyderabad. A couple of businesses that compete with Dunzo in the market include Amazon and Swiggy Instamart.
Mukesh Ambani Investment in Startups #2 – Embibe
Embibe is the creator of a website for online test preparation that helps students get ready for competitive exams like the BITSAT and IIT JEE and it is a learning platform using AI that is intended to help students achieve their academic and personal goals. RIL invested approximately Rs 1340 crore and purchased a 73% stake in 2018.
Mukesh Ambani Investment in Startups #3 – Addverb Technologies
Enhancing e-commerce, warehouse management, and energy generation have been top priorities for Addverb Technologies, a technology business that specializes in the application of robotic solutions. The business received a large investment in the amount of about Rs 984 crore in January 2022. With the significant investment made in January 2022, Addverb Technologies is now able to drive innovation and completely transform industries through robotics.
Mukesh Ambani Investment in Startups #4 – Clovia
Purple Panda Fashions, the parent firm of D2C lingerie startup Clovia. The company operator of lingerie that created fashionable and comfortable clothing for women. The company has sold an 89% stake to Reliance Retail. Reliance Retail has invested INR 950 Cr in the deal, which covers the principal investment in the firm as well as the purchase of shares.
Mukesh Ambani Investment in Startups #5 – Netmeds
Reliance Retail Ventures acquired the majority of Vitalic in August 2020 for INR 620 crore. NetMeds offers an online pharmacy and other medical supplies. It offers an online storefront with access to prescription, over-the-counter, and wellness and healthcare products, is owned by Vitalic. A division of Reliance Industries is Reliance Retail Ventures.
Written by Sheshadri N
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