Mukesh Ambani's Reliance Retail, which runs 18,500 stores and e-commerce platforms, raised $1B from Qatar's QIA for a 0.99% stake at a $100B pre-money valuation (Manish Singh/TechCrunch) 23-08-2023

Manish Singh / TechCrunch:
Mukesh Ambani’s Reliance Retail, which runs 18,500 stores and e-commerce platforms, raised $1B from Qatar’s QIA for a 0.99% stake at a $100B pre-money valuation — Qatar’s sovereign wealth fund is investing $1 billion in Reliance Retail as India’s largest retail chain looks to expand its operations and enter new categories.