Reliance Retail's acquisition of Just Dial values the company at $700M. Here are the top-line bullets you need to know.
WHO ARE THE PARTIES TO THE DEAL?
- Just Dial: India-based Just Dial offers B2C and B2B listings of SMB advertisers in India. The company has 3.4M listings and more than 129.1M quarterly unique users as of Q1’21. It recently launched JD Mart, a B2B marketplace.
- Reliance Retail: India-based Reliance Retail is a subsidiary of Reliance industries that sells food, groceries, electronics, and apparel on its marketplace. The company reported a consolidated turnover of $21.6B and a net profit of $750M for the year ended March 31, 2021.