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 26 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
& 25 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.
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
People of Reliance Retail
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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 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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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.
| 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 |
Investments & Acquisitions by Reliance Retail
Reliance Retail has strategically engaged in corporate development activities, having acquired 26 companies. Notable acquisitions include Abraham & Thakore, Abu Jani Sandeep Khosla Designers and Addverb.
| 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 |
Financial Statements - Reliance Retail
Reliance Retail Comparisons
Competitors of Reliance Retail
Frequently Asked Questions about Reliance Retail
Reliance Retail was founded in 2006 and raised its 1st funding round 14 years after it was founded.
Reliance Retail is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kumar Nitesh is the current CEO of Reliance Retail.
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.
As of Apr 07, 2024, the latest employee count at Reliance Retail is 43,024.
Annual revenue of Reliance Retail is $26.92B as on Mar 31, 2023.
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.
Reliance Retail offers Groceries and Fashion Products.
Reliance Retail has made 26 acquisitions, including Abraham & Thakore, Abu Jani Sandeep Khosla Designers, and Addverb.
Reliance Retail has 9 investors. Key investors include KKR, TPG, General Atlantic, Mubadala, and Qatar Investment Authority.
The valuation of Reliance Retail is $100B as of Sep 2023.