Reliance Retail acquires 96% stake in online furniture retailer startup ‘Urban Ladder’
RRVL also has the option to pick the balance stake in the startup
RRVL has also proposed a further investment of up to ₹75 crore
The acquisition will help Reliance Retail strengthen its presence across the e-commerce segment
Urban Ladder has a strong online and offline presence including various retail outlets across metro cities
India’s booming e-commerce market will be worth $86 billion by 2024, predict surveys
