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<ul class="summary-list"><li>US private equity firm <keyword id="6354544" type="UNKNOWN" weightage="60" keywordseo="kkr">KKR</keyword> will invest $755 million in <keyword id="58448" type="COMPANY" weightage="60" keywordseo="Reliance-Retail">Reliance Retail</keyword>, owned by <keyword id="3658" type="COUNTRY" weightage="60" keywordseo="India">India</keyword>’s biggest company <keyword id="6355199" type="ORGANIZATION" weightage="60" keywordseo="reliance-industries">Reliance Industries</keyword>, for a 1.2% stake.</li><li>This is KKR’s second <keyword id="6355120" type="UNKNOWN" weightage="60" keywordseo="investment">investment</keyword> in Reliance Industries — in May it invested $1.5 billion in Jio Platforms, Reliance’s digital arm that includes India’s largest mobile network.</li><li>The new investment values Reliance <keyword id="6354851" type="UNKNOWN" weightage="100" keywordseo="retail">Retail</keyword> at 4.21 trillion rupees ($57 billion).</li><li>Reliance has courted investors about its retail arm in recent months, including Silver Lake and, reportedly, Amazon.</li></ul>US private equity firm KKR will invest $755 million in the retail unit of India's biggest company, Reliance Industries, <a href="https://www.ril.com/getattachment/006e6f9c-d074-4fa3-81e9-a74a7a841079/KKR-TO-INVEST-%E2%82%B9-5,550-CRORE-IN-RELIANCE-RETAIL-VEN.aspx">it said on Wednesday</a>. KKR's investment for a 1.28% stake in Reliance Retail values the company at 4.21 trillion rupees ($57 billion), Reliance said.This is KKR's second investment in Reliance Industries — in May, it invested $1.5 billion Jio Platforms, Reliance's digital arm, which includes India's largest mobile network.It means that investors have poured $1.78 billion into Reliance Retail within a month. Tech investor Silver Lake will invest <a href="https://www.ril.com/getattachment/ae325405-1207-4f86-8874-3f24111b2b16/Silver-Lake-to-Invest-%E2%82%B9-7,500-Crore-in-Reliance-Re.aspx">$1.02 billion</a> in Reliance Retail, it said on September 9, after making a <a href="https://www.ril.com/getattachment/2cc98337-9b5b-4896-817f-524a69097b53/Silver-Lake-to-Invest-%E2%82%B9-5,655-75-Crore-in-Jio-Plat.aspx">$1.35 billion</a> investment in Jio Platforms in May.As India's biggest retailer, Reliance Retail owns around 12,000 stores, including convenience shops, supermarkets, apparel stores, and electronics stores. Most are in India, but it also owns Hamleys in London — the oldest and largest toy shop in the world.It turned over around $20 billion in the year to March 2020, an increase of 27% on the year before. Reliance struck a $3.38 billion deal last month to acquire rival Future Group's retail business.<h3>Reliance lined up other investors</h3>Reliance Industries, controlled by Asia's richest man <keyword id="3820" type="PERSON" weightage="60" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>, has been lining up investors for Reliance Retail in recent months.Reliance Industries <a href="https://www.businessinsider.com/india-reliance-retail-offers-amazon-stake-worth-20-billion-report-2020-9">offered to sell Amazon a 40% stake</a> in Reliance Retail in a deal that could be worth $20 billion, a source told <a href="https://www.bloomberg.com/news/articles/2020-09-10/reliance-said-to-offer-20-billion-stake-in-retail-arm-to-amazon?srnd=premium">Bloomberg News</a>. Reliance later called this "speculative" and <a href="https://www.thehindu.com/business/Industry/reliance-terms-reports-of-stake-sale-to-amazon-speculative/article32579297.ece">said</a> it "cannot confirm or deny any transaction which may or may not be in the works."It follows an investment drive for Jio Platforms, which includes India's largest mobile network operator as well as streaming services and a video-conferencing app. Reliance has received $20 billion this year from global investors, including Facebook, for Jio Platforms, and has approached many of those same firms about Reliance Retail, <a href="https://www.reuters.com/article/idUSKBN25R1U4">Reuters reported</a>.Reliance Retail and Jio Platforms launched <keyword id="35621" type="PERSON" weightage="60" keywordseo="e-commerce">e-commerce</keyword> platform <keyword id="8506093" type="UNKNOWN" weightage="60" keywordseo="Jiomart">JioMart</keyword> in May. It plans to expand beyond groceries and is becoming a major, fast-growing rival to Amazon and Walmart's Flipkart in India.

India's biggest retailer Reliance Retail is now valued at $57 billion, following a fresh investment from KKR

<ul><li><keyword id="18635" type="CITY" weightage="20" keywordseo="Amazon">Amazon</keyword> may buy a 26% stake in <keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> as it looks to expand its offline presence.</li><li>Reliance Retail has 10,644 stores in India and its profits grew by 70% in the last financial year. </li><li>Amazon is also reportedly in talks with Kishore Biyani’s Future Group.</li></ul>Global e-retail giant Amazon is looking to acquire a 26% stake in Reliance Retail, according to a <a href="https://economictimes.indiatimes.com/industry/services/retail/amazon-may-shop-for-stake-in-reliance-retail/articleshow/70474456.cms">report by the Economic Times.</a> The two companies are reportedly in initial talks. While Amazon refused to comment on speculation, Reliance told ET that the company evaluates various opportunities at the same time and would make necessary announcements as is required by SEBI’s rules. Amazon holds 30% of the e-commerce market in India and is looking to hold on to a larger market share in the country. But that’s not enough because e-commerce still makes for only 3% of the country’s total retail market and Jeff Bezoz does not want to miss out on the money he can make from physical stores in India. With the recent changes in Indian e-commerce and the draft e-commerce policy not falling in favour with the likes of Amazon, physical retail seems to be the attractive option now. The deep discounting offered by the online retail giants will be off the shelves, which could once again turn the consumer’s attention to physical stores – where Reliance already has a major presence. Moreover, with the Narendra Modi government seems in no mood to ease its stance on the e-commerce policy and Amazon needs to find other ways of making good the losses. And that’s why it needs to reduce the risk of depending solely on a price-sensitive e-commerce market. Instead of investing in its own stores, the US-based company is looking to pick a stake in existing retailers. It had already attempted one with Kishore Biyani’s Future Group, <a href="https://www.thehindubusinessline.com/info-tech/amazons-stake-acquisition-in-future-retail-is-back-on-track-likely-to-be-announced-next-month/article26378967.ece">which is still in the works</a>. That leaves one of India’s largest physical retailers, Reliance Retail, owned by Asia’s richest man, <keyword id="3820" type="PERSON" weightage="20" keywordseo="Mukesh-Ambani">Mukesh Ambani</keyword>. Why Reliance Reliance Retail has 10,644 stores across 6,700 cities, with 100 million registered loyalty customers, and saw 150 million footfalls in their stores in the previous year. For the last financial year, Reliance Retail posted robust pre-tax profits today as it grew by around 70%, to ₹2,049 crores in the first quarter of 2019-20 as compared to ₹1,206 crore last year. Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance Market stores, while in consumer electronics it has Reliance Digital, Reliance Digital Express Mini stores and Jio stores. In the fashion &amp; lifestyle segment, it has Reliance Trends, Trends Women, Project Eve, Reliance Footprint, Reliance Jewels and AJIO.com. Earlier this year, Reliance Retail had acquired the iconic British toy making company Hamley’s and in July completed the 100% acquisition of the company for a <a href="https://www.businesstoday.in/current/corporate/mukesh-ambani-reliance-brands-completes-100-acquisition-of-hamleys/story/365664.html">reported</a> amount of ₹620 crore. Meanwhile, there are also reports that Reliance Retail is bringing the iconic American brand <a href="https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/reliance-to-launch-iconic-jewelry-brand-tiffany-co-in-india/articleshow/70254628.cms">Tiffany &amp; co </a>to India, as per an ET report. The brand could be housed in the luxury mall that Ambani is planning to open next year in the Jio World Centre in Bandra Kurla Complex in Mumbai. How Amazon can help Ambani Reliance Retail has also been evaluating opportunities. It was earlier reportedly in talks with the Chinese e-retail giant Alibaba, but the deal fell through. Reliance, with its bets with Jio, has <a href="https://www.livemint.com/Money/oi23Lg12aO3MWoBs0Ha5MJ/RIL-Q3-result-Flat-profit-rising-debt-are-a-growing-worry.html">been piling up debt </a>even while the business grows. The main cash earner for Reliance is still its <a href="https://www.businessinsider.in/reliance-jio-and-reliance-retail-may-help-mukesh-ambani-rils-quarterly-earnings/articleshow/70274830.cms">petrochemical business</a> but with its falling profits it would need help from Jio and Retail. So, the money from selling stake to Amazon would help Reliance deal with the rising cash burn and clear some of the debt.

Here's why Jeff Bezos may want a stake in Mukesh Ambani's Reliance Retail

<ul><li>Reliance Industries announced its Q1 earnings today. </li><li><keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> reported an EBITDA of ₹2,049 crores. </li><li>The retail arm of the company has seen a 69.9% year-on-year growth.</li></ul>Reliance Retail posted robust pre-tax profits today as it grew by around 70%, to ₹2,049 crores in the first quarter of 2019-20 as compared to ₹1,206 crore last year. The revenues from Reliance Retail grew at 47.5% to ₹38,196 crores in the quarter ending June 2019 as compared to ₹25,890 crores in the same quarter last year. “Our EBITDA crosses ₹2,000 crore for the first time (retail business). In our core retail, we have the best margin we have ever seen at 8.9%. We have expanded our footprint. We added over 200 stores in this quarter to now have 10,644 stores across the country. We also achieved the milestone of having 100 million registered loyalty customers, and saw 150 million footfalls in our stores,” said Alok Agarwal, CFO, <keyword id="45442" type="COMPANY" weightage="20" keywordseo="Reliance-Industries-Limited">Reliance Industries Limited</keyword>. Agarwal said that this growth has come as Reliance is offering more to its consumers, is present in every part of the country, offering better assortments, better after-sales service support. “We are beginning to take the benefits of scale. As we grow bigger and bigger, we are also able to give consumers better deals and discounts, simply because we are getting better at merchandising,” said Agarwal. Reliance Retail has 10,644 stores in over 6,700 cities. It is present across areas like food and grocery, consumer electronics, fashion and lifestyle. In the food and grocery segment, Reliance Retail operates Reliance Fresh, Reliance Smart and Reliance Market stores, while in consumer electronics it has Reliance Digital, Reliance Digital Express Mini stores and Jio stores. In the fashion &amp; lifestyle segment, it has Reliance Trends, Trends Women, Project Eve, Reliance Footprint, Reliance Jewels and AJIO.com. Reliance Retail, which was launched in 2006, has been growing rapidly over the years and has been aggressively acquiring companies as well. Earlier this year, Reliance Retail had acquired the iconic British toy making company Hamley’s and in July completed the 100% acquisition of the company for a <a href="https://www.businesstoday.in/current/corporate/mukesh-ambani-reliance-brands-completes-100-acquisition-of-hamleys/story/365664.html">reported</a> amount of ₹620 crore. Meanwhile, there are also reports that Reliance Retail is bringing the iconic American brand <a href="https://economictimes.indiatimes.com/industry/cons-products/fashion-/-cosmetics-/-jewellery/reliance-to-launch-iconic-jewelry-brand-tiffany-co-in-india/articleshow/70254628.cms">Tiffany &amp; co </a>to India, as per an ET report. The brand could be housed in the luxury mall that Ambani is planning to open next year in the Jio World Centre in Bandra Kurla Complex in Mumbai.

Reliance Retail's discounts may get better as the company grows bigger

<ul><li>The retail unit of <keyword id="6355199" type="ORGANIZATION" weightage="20" keywordseo="reliance-industries">Reliance Industries</keyword> posted a strong show in second quarter earnings.</li><li><keyword id="58448" type="COMPANY" weightage="20" keywordseo="Reliance-Retail">Reliance Retail</keyword> saw its pre-tax profits grow by 66.8% to ₹2,322 crores. </li><li>The share price of Reliance Industries has jumped over 12% in the last one month compared to the 4% rally in Sensex.</li></ul>Reliance Retail announced its Q2 earnings for the current financial year. Despite a larger slowdown in the economy as well as in people’s consumption, Reliance Retail saw its pre-tax profits grow by 66.8% to ₹2,322 crores as opposed to ₹1,392 crores in the same quarter last year. The revenue from Reliance Retail grew to ₹41,202 crores as opposed to ₹32,436 crores in the same quarter last year. During the quarter, Reliance Retail added 337 stores taking the total store count to 10,901 stores. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 It is present across areas like food and grocery, consumer electronics, fashion and lifestyle. Poised for growth Research firm Bank of America-Merrill Lynch (BofA-ML), in its latest report, predicts that Reliance Retail will be a big driver in taking RIL’s market value to a massive $200 billion in two years. A big chunk of the value created will come from serving the<a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-retail-revenue-estimate-from-kirana-stores/articleshow/71643159.cms"> kirana stores. </a> Reliance Retail, which was launched in 2006, has been growing rapidly over the years and has been aggressively acquiring companies as well. Earlier this year, Reliance Retail had acquired the iconic British toy making company Hamley’s and in July completed the 100% acquisition of the company for a <a href="https://www.businesstoday.in/current/corporate/mukesh-ambani-reliance-brands-completes-100-acquisition-of-hamleys/story/365664.html">reported</a> amount of ₹620 crore. The share price of Reliance Industries had already run up over 12% in the last one month and investors have priced a strong show from the company that was once an energy giant, and is now fast changing into a consumer business with its thrust on Reliance Retail and on telecom via Reliance Jio. 
 
 
 
 
 
 
 
 
 
 
 
 
 
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 SEE ALSO: <a href="https://www.businessinsider.in/business/corporates/news/top-highlights-from-mukesh-ambani-owned-reliance-industries-rils-quarterly-earnings/articleshow/71651084.cms">Reliance Industries posts a record profit even as refining and telecom verticals soften</a> <a href="https://www.businessinsider.in/business/corporates/news/mukesh-ambani-owned-reliance-industries-forms-pact-with-bp-to-sell-aviation-fuel-in-india/articleshow/71651988.cms">Reliance Industries makes a new pact with BP to sell jet fuel in India</a> <a href="https://www.businessinsider.in/business/news/mukesh-ambani-owned-reliance-retail-revenue-estimate-from-kirana-stores/articleshow/71643159.cms">Mukesh Ambani is set to make big money out of India’s millions of small kirana shops</a>

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India's biggest retailer Reliance Retail is now valued at $57 billion, following a fresh investment from KKR

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Here's why Jeff Bezos may want a stake in Mukesh Ambani's Reliance Retail

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Reliance Retail's discounts may get better as the company grows bigger

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Reliance Retail surprises with a sharp growth of 27% despite slowdown

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