Reliance Industries in talks to acquire Milkbasket, Zivame, Urban Ladder and Netmeds

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India’s richest man MrMukesh Ambani is now become the world’s seventh-richest person. Ambani’s net worth is valued at $78.3 billion, while Musk was sixth with a marginally high net worth of $78.6 billion. Buffett climbed back the ranks and is currently the fifth-richest with a net worth of $79.5 billion, according to Forbes Real Time Billionaires List.

During 43rd Annual General Meeting of Reliance Industries Limited, Mr. Mukesh Ambani said “Reliance will work with other Indian companies, including start-ups, to vigorously promote “Made-in-India”, “Made-for-India” and “Made-for-the-World” products.”

Mukesh Ambani and his company Reliance Industries have invested in startups like Embibe, Grab, Haptik, Tesseract, Reverie, Saavn, Fynd, Nowfloats.

According to various sources, Mukesh Ambani goes on a shopping spree. He is all set to add various Startups like Urban Ladder, Milkbasket, Netmeds and Zivame in his Shopping cart.

  • Urban Ladder
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Urban Ladder is a Bangalore-based online furniture company. The Startup was founded in 2012 by Mr. Ashish Goel and Mr. Rajiv Srivatsa. Urban Ladder has raised a total of $114.9M till date. SAIF Partners, Kalaari Capitals, Sequoia Capital India, Trifecta Capital, Steadview Capital are the Investors, who have invested in Urban Ladder.

  • Milkbasket
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Milkbasket, a Gurugram-based micro-delivery startup by Anant Goel, Anurag Jain, Ashish Goel, Ekwe Chiwundu Charles, Yatish Talavdia. The Startup was founded in 2014 & till date they’ve raised a total of $38.5M in funding round. Kalaari Capital, InnoVen Capital, Ankur Capital, Inflection Point Ventures, Mayfield Fund, Blume Ventures, Lenovo Capital and Incubator Group (LCIG) and Unilever Ventures have invested in Milkbasket.

  • Netmeds
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Netmeds, a Chennai based online pharmacy / E-Pharmacy Startup founded in 2010. Mr. Pradeep Dadha is the founder of The Startup has raised a total of $99M till date. The Startup is backed by OrbiMed, Tanncam Investment, Sistema Asia Capital, Daun Penh Cambodia Group, Tanncam Investment.

  • Zivame
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Zivame, a Bangalore based online lingerie startup founded by Richa Kar and Kapil Karekar. The Startup offers various category, brand, color, size and even choose lingerie of styles. Zivame has raised a total of $69M till date. Chiratee Ventures, Khazanah Nasional, Zodius Capital, The Allana Group, Trifecta Capital Advisors, Avendus Capital and Reliance Brands have invested in Zivame.

Above given information is based on best of our knowledge & other sources. We hope you may have learn something new based on this blog & keep on learning.

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