Reliance Retail- Just Dial deal: What does it mean for Udaan & IndiaMart? | StartUp Central

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On StartUp Central today, catch up on the latest updates on Reliance's Just Dial acquisition. After the big news, Reliance Retail acquired a 25.3% stake in Just Dial through a preferential allotment and another 15.6% stake from Just Dial founder VSS Mani. Reliance Retail is going to pay as much as 3497 crore Rupees for Just Dial. Many are left wondering what it is that interested Reliance to enter this space. Brokerages have given a mixed signal of what this deal could mean. It is being viewed as a move towards the strategy of building a super app.

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