Reliance

Tata said it would roll out a super app to offer grocery, fashion, jewelry, consumer electronics, and financial services, among other things.

PharmEasy merged with smaller rival Medlife in August this year.

Pandemic fuels US investor’s deal making but political tension raises risks.

According to Bernstein Research, India’s retail market is expected to reach USD 1.3 trillion by 2025, of which organized retail would be about 15%. 

With its retail arm, Reliance is aiming for a bigger pie of India’s monthly household spend.

Japanese conglomerate SoftBank and American PE firm Carlyle have also shown interest in investing in Reliance Retail.

Last week, Reliance Retail landed a USD 1 billion check from Silicon Valley-based venture capital firm Silver Lake for a 1.75% stake.

JioMart, Reliance’s ambitious e-commerce unit, is a joint venture between Reliance Retail and Jio Platforms.