Jul 3, 2023, 11:54 AM IST

Mukesh Ambani's investments in Indian startups

Riddhima Kanetkar

Dunzo:  In January 2022, Reliance Retail invested $240 million (around Rs 1,488 crore) in the company, which is the largest amount that Reliance has invested in any Indian firm. It holds a 25.8% stake in the Bengaluru-based startup

In March 2018, Reliance acquired Saavn for $104 million (Approx. Rs 775 crore) and merged it with its digital music service Jio Music

Addverb Technologies: Mukesh Ambani acquired a Noida-based Indian robotics startup named Addverb Technologies for $132 million (approximately Rs 983 crores) with a majority stake of 54% in the company

Netmeds: Mukesh Ambani, in August 2020, announced the acquisition of a majority equity stake in Chennai-based online pharmacy delivery startup Netmeds (Vitalic Health Pvt Ltd). RIL holds a 60% stake in the company

Urban Ladder: India’s Reliance Industries Ltd bought a 96% stake in online furniture retailer Urban Ladder for a whopping Rs 182 crore

Asteria: Reliance Industries Ltd has acquired a 51.78% majority stake for Rs 23.12 crore in drone maker Asteria Aerospace Pvt Ltd and invested an additional Rs 125 crore to increase its holding to 87.3% in December 2019

Grab a Grub Services: Reliance Industries bought an 83% stake in Mumbai-based hyper-local logistics startup Grab a Grub Services for Rs 146 crore