From Dunzo to Addverb Technologies, here's a look at all the recent investments and acquisitions Reliance Industries has had in the past few months.
Reliance Retail is all set to launch the first 7-Eleven store in Andheri East in Mumbai on October 9. The company plans to introduce several more stores under the brand in the Greater Mumbai cluster in near future.
Debt-ridden Future Group, which operates several modern trade store chains including BigBazaar, Foodhall and Nilgiris, has been embroiled in legal battles with e-commerce behemoth, which has delayed its deal with Reliance Retail.
With this tie up, some existing convenience stores of Future Retail may be rebranded as 7-Eleven.
The first 7-Eleven convenience store in India, marking the company's entry into the country, is expected to open in 2019.
Indian consumers are not accustomed to round the clock shopping, except in a few locations. Many states don’t allow it either. Since this forms the cornerstone of 7-Eleven’s business model, is it making a mistake?