Investment

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.

In the past tech companies such as Oyo, Policybazaar, Ola, Paytm, Quikr, and others have also said they would soon launch their IPO.

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

Overall, Byju’s has raised more than USD 2.3 billion from global high-profile investors.

Vietnam’s e-commerce sector is expected to grow by 43% from 2015 to 2025.

The recent transaction has tripled the five-year-old startup’s valuation to USD 1.45 billion in less than six months.

The paradox of big guys getting big cheques hands-down while financing in general is getting harder to come by in China.