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RIL to buy Urban ladder and Milkbasket to boost its e-tail
August 17, 2020
RIL is in talks to gather online furniture brand Urban Ladder and milk shipping platform Milkbasket because it seems to reinforce its e-commerce play.
This comes at a time while the Mukesh Ambani-led conglomerate is likewise said to be in talks to acquire gamers like e-pharmacy startup Netmeds & Zivame, even as it scripts consolidation with Future Retail.
The discussions with Urban Ladder have been going on for a previous couple of months and are actually at a complicated level. A cope with Urban Ladder can be pegged at around $30 million, such as further infusion within the business and earn-out for the management team.
According to sources, “They have got interest from other players as nicely and, even as the discussions are superior, a deal has now not been finalized but”.
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