Mumbai: The world has changed, now everyone knows that online businesses are booming in a pandemic situation, whether you wanted any daily items you are ordering online, you need entertainment you are depending on OTT platforms likewise for everything we are depending on it.

Who are benefiting from this situation?

The people who are already doing online businesses benefited and it will continue with the people’s usability even after finding a solution for coronavirus. Many big business players are utilizing the opportunity, and then when Narendra Modi Govt announced Ban on Chinese apps, a lot of startups started to encash this opportunity.

Reliance owner Mukesh Ambani sensed this and wants to take steps in that direction. As you all know from Gio his business is doing well and now he is up to creating an empire in all digital platforms and strengthening mainly e-commerce.

In this context, it appears that Reliance Industries is in talks with Future Retail Chain. The news has been circulating since last week. The latest startups are said to be in talks with Milk Basket, Urban Ladder, and Jivami. Negotiations are on the process.

Reliance Industries Pvt Ltd, which entered from Oil to telecommunications business, is said to be in the final stages of negotiations with Urban Ladder. Some key officials said they did not want to be named. The deal is valued at around $30 million (around Rs 224 crore). Representatives for Reliance Industries say there is a possibility of a great deal with three startups. Let’s see how it goes.

Mukesh Ambani recently announced that he is free from all his debts mainly this was possible because of Gio and selling part of shares to Facebook. Amazon India, Walmart’s Flipkart is the main competitor if Jiomart gets pushed forward. It is a key growth market for e-commerce. Ambani has raised around $ 20 billion in the past few months. Mukesh decided to further strengthen the Geo platform.

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