Reliance Retail acquires majority stake in Just Dial for $469 million – TechCrunch


Reliance Retail mentioned on Friday it has acquired a majority stake in 25-year-old Indian search and discovery agency Simply Dial in a deal price $469 million.

“Practically 25 years in the past, we had a imaginative and prescient to construct a linked single platform devoted to offering quick, free, dependable and complete info to our customers and join consumers to sellers. Our imaginative and prescient has advanced to not solely present search and discovery however drive commerce throughout retailers via our B2B platform and allow additional client to service provider commerce given our platform engagement. Our strategic partnership with Reliance allows us to appreciate this imaginative and prescient and rework the enterprise going ahead,” mentioned VSS Mani, founder and chief govt of Simply Dial, in a press release.

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