RIL's big retail push: A dozen buys worth $4.2 billion in 2 years

In India, the digital e-commerce space is dominated by just Amazon and Flipkart who control over 60 per cent of market share.

Mukesh Ambani’s Reliance group has struck acquisition deals worth $4.2 billion with a dozen companies in just two years to expand its retail business.
 
The latest purchase was of a majority stake in Justdial last week for Rs 3,497 crore.
 
Elaborating on his acquisition strategy a few weeks ago during the AGM, Ambani stated that one of the key planks would be to acquire businesses that enhanced Reliance’s offerings and experiences to customers and that they would be both physical and digital.
 
The acquisitions straddle diverse areas from niche stores like Hamleys for toys and lingerie store