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
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
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.