About Reliance Retail
Reliance Retail is a company based in Mumbai (India) founded in 2006 by Mukesh Ambani.. Reliance Retail has raised $7.67 billion across 9 funding rounds from investors including KKR, TPG and General Atlantic. The company has 43,024 employees as of April 07, 2024. Reliance Retail has completed 25 acquisitions, including Abraham & Thakore, Abu Jani Sandeep Khosla Designers and Addverb. Reliance Retail offers products and services including Groceries and Fashion Products.
- Headquarter Mumbai, India
- Employees 43024 as on 07 Apr, 2024
- Founders Mukesh Ambani
- Stage Decacorn
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Sectors
Retail
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Reliance Retail Ltd
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$26.92 B (USD)31.58as on Mar 31, 2023
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Net Profit
$842.71 M (USD)41.95as on Mar 31, 2023
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EBITDA
$1.95 B (USD)56.69as on Mar 31, 2023
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Total Equity Funding
$7.67 B (USD)
in 9 rounds
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Latest Funding Round
$250 M (USD), Private Equity Round
Sep 11, 2023
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Investors
KKR
& 8 more
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Employee Count
43024
as on Apr 07, 2024
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Investments & Acquisitions
Abraham & Thakore
& 24 more
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Products & Services of Reliance Retail
Reliance Retail offers a comprehensive portfolio of products and services, including Groceries and Fashion Products. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Groceries and daily essentials are offered through supermarket chains to provide availability and value to customers
Fashion items and accessories are provided via retail stores to enhance customer choices in clothing and related segments
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Software Development Team
46 people
Leadership Team
33 people
Human Resources and Administration
28 people
Senior Team
18 people
Product Management Team
13 people
Sales and Marketing
8 people
Manager Team
8 people
Data Analysis and Operations Team
6 people
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Funding Insights of Reliance Retail
Reliance Retail has successfully raised a total of $7.67B across 9 strategic funding rounds. The most recent funding activity was a Private Equity Round round of $250 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 9
- Last Round Private Equity Round — $250.0M
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First Round
First Round
(14 Sep 2020)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2023 | Amount | Private Equity Round - Reliance Retail | Valuation | KKR |
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| Sep, 2023 | Amount | Private Equity Round - Reliance Retail | Valuation | Qatar Investment Authority |
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| Nov, 2020 | Amount | Private Equity Round - Reliance Retail | Valuation | Public Investment Fund |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Reliance Retail
Reliance Retail has secured backing from 9 investors, including venture fund and institutional investors. Prominent investors backing the company include KKR, TPG and General Atlantic. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Multiple sectors are invested in by this private equity firm.
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Founded Year | Domain | Location | |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Fund of funds focused on pre-seed and seed-stage companies
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Reliance Retail
Reliance Retail has strategically engaged in corporate development activities, having acquired 25 companies. Notable acquisitions include Abraham & Thakore, Abu Jani Sandeep Khosla Designers and Addverb. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Eco-friendly apparel for kids and mothers is offered online.
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2020 | ||||
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Nutrition drinks are branded and distributed by Raskik in India.
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2019 | ||||
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Automated warehouse solutions are delivered via robotics and software integration.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Reliance Retail
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Reliance Retail Comparisons
Competitors of Reliance Retail
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Reliance Retail
Frequently Asked Questions about Reliance Retail
When was Reliance Retail founded?
Reliance Retail was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Where is Reliance Retail located?
Reliance Retail is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Reliance Retail?
Kumar Nitesh is the current CEO of Reliance Retail.
Is Reliance Retail a funded company?
Reliance Retail is a funded company, having raised a total of $7.67B across 9 funding rounds to date. The company's 1st funding round was a Private Equity Round of $1.3B, raised on Sep 14, 2020.
How many employees does Reliance Retail have?
As of Apr 07, 2024, the latest employee count at Reliance Retail is 43,024.
What is the annual revenue of Reliance Retail?
Annual revenue of Reliance Retail is $26.92B as on Mar 31, 2023.
What does Reliance Retail do?
Retail chain offering diversified products. Its product range includes groceries, apparel, footwear, electronics, home improvement products, and farm implements. It also operates a diverse range of store formats to cater to various consumer needs, that includes food, grocery, consumer electronics, fashion, lifestyle, and pharmaceuticals.
What products or services does Reliance Retail offer?
Reliance Retail offers Groceries and Fashion Products.
How many acquisitions has Reliance Retail made?
Reliance Retail has made 25 acquisitions, including Abraham & Thakore, Abu Jani Sandeep Khosla Designers, and Addverb.
Who are Reliance Retail's investors?
Reliance Retail has 9 investors. Key investors include KKR, TPG, General Atlantic, Mubadala, and Qatar Investment Authority.
What is Reliance Retail's valuation?
The valuation of Reliance Retail is $100B as of Sep 2023.
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