Reliance in talks to acquire Urban Ladder, Milkbasket, says report

According to a report, the discussion with Urban Ladder has been going on for the last few months and is now at an advanced stage

In a bid to strengthen its e-commerce position, Reliance Industries (RIL) is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket, The Times of India reported. 

According to the report, the discussion with Urban Ladder has been going on for the last few months and is now at an advanced stage. People close to discussion pegged the deal at around $30 million including further infusion in the business and earn-out for the management team. 

Similarly, Milkbasket is inching close to RIL after its discussions with Amazon and Bigbasket failed to fructify. According to the TOI