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Mukesh Ambani's Reliance Industries puts ₹500 cr in edtech startup Embibe
short by Pragya Swastik / on Monday, 6 April, 2020
Mukesh Ambani-led Reliance Industries Limited has put an additional ₹500 crore in Bengaluru-based edtech platform Embibe. This is the largest fund infusion by Reliance ever since it acquired Embibe in April 2018. RIL has already released ₹30 crore and the remaining proceeds are expected to come soon. Reliance Industries had acquired a 73% stake in Embibe.
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