Reliance Retail, founded in 2006, is the retail arm of RIL and a key player in India's consumer goods and retail sectors. The company has achieved significant milestones, including being certified as one of India's Top 100 workplaces in 2023-24. Reliance Retail has earned global recognition, ranking as the fastest-growing retailer worldwide and securing the 53rd position among the Top Global Retailers. Notably, it is the sole Indian retailer to feature in the Top 100 list. With an expansive reach and substantial profitability, the company boasts nearly 249 million registered customers purchasing across its various formats. In FY23, Reliance Retail recorded an unparalleled 780 million footfalls across its stores, showcasing its massive scale and dominance in the Indian retail landscape. The last investment of $600.00M in a Private Equity Round on October 6, 2023, came from the Abu Dhabi Investment Authority, signifying external confidence in the company's growth potential. As the largest and most profitable retailer in India, its operations touch the lives of millions daily, processing over 3 million transactions on a daily basis. However, it is important to note that the company has issued warnings regarding fraudulent activities related to job offers and employment, emphasizing a cautious approach to recruitment. Reliance Retail's enduring impact on the consumer goods and retail landscape in India is a testament to the strength and potential of the company.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Private Equity Round | $600.00M | 1 | 06 Oct 2023 | |
Private Equity Round | INR20.70B | 1 | Kohlberg Kravis Roberts | 11 Sep 2023 |
Private Equity Round | INR82.78B | 1 | 23 Aug 2023 | |
Private Equity Round | INR95.55B | 1 | 06 Nov 2020 | |
Private Equity Round | INR55.13B | 1 | 06 Oct 2020 |