The Ambani ambush: Reliance in talks to acquire a clutch of online firms

Reliance Industries Ltd (RIL), owned by India’s richest man Mukesh Ambani, was originally slated to take over Kishore Biyani’s Future Retail to consolidate its online grocery business that it had launched through JioMart. Now, in a bid to further expand and strengthen its presence in the e-commerce niche, RIL is said to be in talks to acquire a clutch of well-performing online retail companies — Urban Ladder, NetMeds, Milkbasket and Zivame.

Urban Ladder is a popular online furniture seller. Milkbasket, as the name clearly suggests, is an established player in dairy delivery, vegetables, fruits and cooking related platform. NetMeds is a Chennai-based online pharma delivery company. Zivame is a popular online lingerie seller    

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