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RIL invests Rs 50 Cr in fashion e-commerce platform Fynd


Fashion e-commerce platform Fynd has raised Rs 50 crore from Mukesh Ambani-led Reliance Industry Limited (RIL). The board of the company has appraised the issue of 21,64,502 equity shares to RIL for the same.

Previously, RIL had acquired over 87.6% stake in Fynd in 2019. Backed by Google, the startup had raised over Rs 100 crore from over 50 investors including IIFL, Kae Capital, Patni and Axis Capital amongst many others. (Source-MCA)

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