Investment

COVID-19 has led to fundamental changes in customer behavior and has accelerated digital transformation of enterprises, Le says.

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

Investment from China in Indian companies fell down from USD 1.23 billion in the first half (H1) of 2019 to USD 263 million across 15 deals in H1 2020.

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.