Entreprenuernewsnetwork

Reliance Retail Acquires 89% Stake In Clovia

March 21, 2022 by Entreprenuernewsnetwork

Reliance Retail Ventures Ltd (RRVL) announced on Sunday that it had purchased an 89 percent ownership in Purple Panda Fashions Pvt. Ltd, which owns the Clovia girls’ innerwear and lounge wear brand. The transaction included both a secondary equity purchase and first funding. Clovia’s founding group and management will own the remaining portion, according to … Read more

Dunzo secures $240 mn funding led by Reliance Retail

January 7, 2022 by Entreprenuernewsnetwork

Dunzo, India’s leading quick commerce player, has raised US$240M in its latest round of funding. The investment was led by Reliance Retail Ventures Limited (“Reliance Retail”), with participation from existing investors Lightbox, Lightrock, 3L Capital and Alteria Capital. With an investment of US$200M, Reliance Retail will own 25.8% stake on a fully diluted basis. This … Read more