Realiance acquires Just Dial for $466 million
JustDial is an Indian internet technology company that provides local search for different services.
Reliance Retail Ventures Limited (RRVL) has acquired a 40.95% stake in Just Dial Limited for $466 million to boost its digital business.
“Reliance is excited to partner with Justdial and Mr. VSS Mani, a first-generation entrepreneur, who has created a strong business through his business acumen and perseverance," said Isha Ambani, director of RRVL.
JustDial is an Indian internet technology company that provides local search for different services in India over the phone, website and mobile apps.
"The investment in Just Dial underlines our commitment to New Commerce by further boosting the digital ecosystem for millions of our partner merchants, micro, small and medium enterprises,” added Ambani.
VSS Mani founded Just Dial nearly 25 years ago with the vision to build a connected single platform dedicated to providing fast, free, reliable and comprehensive information to users and connect buyers to sellers.
BP and Reliance Industries Limited (RIL) announced the start of their new Indian fuels and mobility joint venture, Reliance BP Mobility Limited (RBML) last year.
