BENGALURU -- Indian billionaire Mukesh Ambani's retail venture has raised 82.78 billion rupees ($1 billion) from Qatar's sovereign fund to fuel growth amid increasing competition from the likes of Tata Group, Amazon and Walmart's Flipkart.
Retail
India's Reliance Retail raises $1bn from Qatar sovereign fund
At $100bn, Ambani's venture doubles value in 3 years as competition grows
Reliance Retail runs the country's largest network of brick-and-mortar stores, with 18,000 sites selling everything from groceries to fashion and electronics. © Reuters
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