Reliance Retail Ventures: Dials Just Dial to strengthen its online initiative

With funds from Reliance Retail, Just Dial can expand its business, and transform itself into a transaction platform. Reliance Retail would gain access to customer database of Just Dial and could also launch a super app to provide bouquet of services.

July 20, 2021 / 08:43 PM IST
Reliance Retail Ventures: Dials Just Dial to strengthen its online initiative

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Quarterly performance largely backed by improved realisations
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Valuations not inexpensive; but improved medium-term outlook

Reliance Retail Ventures (RRVL) is at the forefront of digital adoption and has emerged as one of the largest retailers in the country. The recent acquisition of Just Dial by the retail subsidiary of Reliance Industries will only strengthen its online initiatives and put it on a higher growth trajectory. Just Dial is an online B2C classified company that derives the majority of its revenues from pre-paid subscriptions by businesses who are listed on its platform as a priority. With...

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