Mukesh Ambani, Asia’s richest man and Reliance Industries chairman has an estimated net worth of $9470 crores and has a major role to play in India's start-up industry. He is a savvy investor with a wide range of acquisition and investing methods. Not just outside; over the years, he has made thousands of crores in investments in local firms.
Here’s a list of startups backed by Mukesh Ambani:
Dunzo: Reliance Industries invested INR 1490 crore in Dunzo in January 2022, giving them 25.8% ownership in the company. Amazon and Swiggy Instamart are two companies that compete with Dunzo in the market.
Netmeds: Netmeds, a startup for the distribution of prescription medications online, is owned by Vitalic. For INR 620 crore, Reliance Retail Ventures purchased the majority of Vitalic in August 2020.
Aesteria: Reliance Industries Ltd. purchased a 51.78% ownership stake in Asteria, a Bengaluru-based company, for INR 23.12 crore. A robotics and artificial intelligence (AI) business called Asteria is renowned for producing drones that are largely used by the police, military, and paramilitary forces of India.
Embibe: Embibe is an AI-powered learning platform, designed to deliver learning and life outcomes for students. In 2018, RIL acquired a 73% stake and invested approx Rs 1,340 crore.
NowFloats: Reliance Strategic Business Ventures Limited, a division of Reliance Industries, purchased the Hyderabad-based domestic SaaS start-up NowFloats Technologies in 2019 for INR 141 crore.
Addverb: It is a global robotics company based in India that works in the field of intralogistics automation acquired by Reliance Retail in January for $132 million.
Radisys: A US-based vendor of open telecom platform solutions named Radisys was purchased by Reliance Industries in June 2018 for $74 million.
Clovia: Clovia is an omnichannel women's lingerie brand, it was acquired by Reliance Retail in 2022 for Rs 950 crore.
Fynd: Fynd is an omnichannel platform helping retail businesses accelerate growth. It is a Reliance-owned startup. The deal was done in 2019 at Rs 190 crore.
Haptik: Reliance Jio Digital Services has agreed to pay $100 million (about Rs. 700 crores) to Haptik Infotech Pvt Ltd (Haptik), a conversational AI platform. Reliance owns about 87% of the company; the remaining portion is controlled by the founders and employees of Haptik through stock option grants.
Reverie: In April 2019, Reverie, a provider of local language technology, joined the RIL community. For Rs 190 crore, Reverie sold a majority share to Reliance Industry.
Grab: Reliance Industries paid Rs 146 crore for an 83% stake in Mumbai-based hyper-local logistics startup Grab a Grub Services through a combination of new investment and purchasing shares from existing investors.
C-square: For about Rs 82 crore, Reliance paid for approximately 82% of the equity capital in the software company C-Square on a fully diluted basis.
Funtoot: For Rs 71.64 crore in 2019, Reliance Industries purchased a 90.5% share in Bengaluru-based Funtoot, a producer of e-learning goods and services.
Mimosa Networks: Mimosa Networks provides broadband wireless communication services. It delivers a 5G fixed wireless connection. It was acquired by Jio for $60 million through Radisys Corporation.
