Friday, 24 March, 2023

Reliance in talks to buy Urban Ladder and Milkbasket: Report

<p>RIL, to bolster its presence in the e-commerce business, is in talks to acquire online furniture brand Urban Ladder and milk delivery platform Milkbasket, the TOI reported. The discussion with Urban Ladder is reportedly at an advanced stage with the deal price being $30M, including further infusion in the business and earn-out for the management team. Milkbasket, after failing to fructify discussion with Amazon and Bigbasket, is inching closer to RIL.</p>