RIL acquires a majority stake in Fynd

Mukesh Ambani- led RIL's seventh major acquisition this year - FYND, a startup backed by investors like Google, for Rs295 crore in its push for online-to-offline (O2O) commerce.

The deal being, routed through Reliance Industrial Investments and Holdings, will give RIL an option of investing another Rs100crore in the Mumbai based startup and it will own 87.6% stake. It will give an exit option to Fund's investors. All the founders are from IIT-Bombay.