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Reliance Acquires 87% Of Fashion Commerce Startup Fynd For Rs. 295 Crore
As Reliance prepares the launch of its much awaited e-commerce venture, it’s putting in place a tech arsenal to take on the tech incumbents in the space. Reliance has acquired an 87.6 percent stake in Mumbai-based fashion commerce startup Fynd for Rs. 295 crore. Further, Reliance will have an option to further invest up to Rs. 100 crore in Fynd by December 2021. Fynd provides technology platform and solutions to merchants to manage their inventory and sales across multiple...