Reliance to buy a majority stake in Google-backed Fynd

  • Reliance has now confirmed that is now going to acquire aa majority off the stake in the online fashion marketplace Fynd.
  • Reliance Industrial Investments and Holdings, which is a subsidiary of Reliance Industries has entered into an agreement with the Google-backed fashion marketplace to acquire an 87% stake, according to the report.
  • The company will acquire the stake with a cash investment of $41.8 Million in Shopsense retail Technologies, according to the report.

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