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RIL clarifies on nature of investment in robotics firm Addverb

RIL clarified that RRVL has made the aforesaid investment in Addverb out of its own funds.

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Reliance Retail acquire 54% in Addverb Technologies,

Reliance Retail has picked up a 54% stake in robotics company Addverb Technologies for $132 million, with the former becoming the largest shareholder.

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India: Reliance Retail acquires 54% stake in Addverb Technologies for Rs10 billion

Reliance Retail made significant acquisitions in recent months.

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Reliance pumps in up to $132 mn in Noida-based robotics firm Addverb

Leading homegrown robotics company Addverb Technologies on Tuesday said that Reliance is investing up to $132 million in the company to become its largest shareholder. The funding will accelerate its expansion in Europe and the US, enabling .

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Mukesh Ambani s Reliance buys majority stake in robotics startup Addverb for $132 million

Ambani is investing in technology as competition from rivals such as Amazon intensifies

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