Khaitan, Bharucha, JSA act on Reliance acquisition of Shopsense Retail Technologies

Bar & Bench August 11 2019
Reliance Industries

Reliance Industries is acquiring a significant stake in Shopsense Retail Technologies for up to ₹295.25 crore.

Shopsense Retail owns “Fynd”, India’s largest fashion online to offline e-commerce aggregator with real-time inventory access to over 9,000 stores. Started in 2012, Fynd received investments from over 90 investors including Kae Capital, IIFL and Google.

The transaction provided an exit to all investors. Promoters are retaining a minority stake in the company, reported

With a premium account you get:
  • One year of unrestrcited access to previous interviews, columns and articles
  • One year access to all archival material
  • Access to all Bar & Bench reports