KKR is doubling down on its bet in Reliance Retail, valuing India’s largest retail chain at $100 billion in a fresh $250 million investment. The deal follows the Qatar Investment Authority investing $1 billion in Mukesh Ambani’s retail empire just last month. The New York-headquartered private equity firm KKR invested about $755 million in Reliance […]
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Qatar fund invests $1 billion in Ambani’s Reliance Retail at $100 billion valuation
Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories. The Qatar Investment Authority’s investment will secure it a 0.99% stake in Reliance Retail Ventures, valuing the Indian company at $100 billion. Reliance Retail — which operates 18,500 stores and […]
Aug 23, 2023
Accel could raise billions for India, but it’s sticking to $650 million
Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who have supersized their funds, Accel is holding steady based on a calculated analysis of India’s venture opportunity. Peak XV has amassed $2.5 billion in its newe
Jan 5, 2025
ADIA invests $500 million in Lenskart
Lenskart has signed a definitive agreement to raise $500 million from the Abu Dhabi Investment Authority, they said Wednesday, at the height of the market slump as the Indian eyewear retailer bulks up its offerings and scales to international markets. The investment, an extension to last year’s round, helps the startup retain its $4.5 billion […]
Mar 15, 2023
Reliance-backed Dunzo nears fresh funding of $50 million
The Indian hyperlocal delivery startup Dunzo is in late-stage discussions to secure about $50 million in a new financing round, two sources familiar with the matter told TechCrunch, as the Bengaluru-headquartered startup scrambles for comfort in an otherwise funding winter for younger firms. Reliance Retail and Google, two existing backers of Dunzo, are among those […]
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